PORTSMOUTH

Portsmouth Housing Delivery Figures on the up

portsmouth housing delivery figures on the up

Portsmouth’s economy is on the up with the city recording its highest housing delivery figures for five years.

Figures from Portsmouth City Council’s city development annual monitoring report for 2014/15 show that 419 homes were completed during the period covered, more than any year since 2009/10.

Cllr Luke Stubbs, the council’s Cabinet Member for Planning, Regeneration & Economic Development, said: “Housing construction is a key indicator of how an area’s economy is performing and so it is a positive sign that our figures are on the up.

“This report shows the most completed housing construction projects the city has had since the global recession hit. It is good news for both residents and businesses in the city and bodes well for our future plans such as the regeneration of Tipner and Horsea Island through the City Deal project.”