Prefab homes revisited
Published: 26 January, 2011
LONDON: A new market in prefabricated homes could solve Britain's housing shortage according to a report commissioned by the Royal Institution of Chartered Surveyors.
The cheap housing method, whereby homes are built off-site and dropped into place, is once again the future of building, the report says.
Pre-fabs were produced in vast numbers to solve the post-war housing crisis. Today's versions are to a higher standard of design and include "green" credentials. Dubbed modular homes, they are still low-cost, with prices starting at £20 000.
Researchers believe this type of housing could offer a cheap and easy way of tackling the UK's housing shortage with 80,000 too few homes built each year to meet the need for affordable housing.
Chris Goodier, of Loughborough University, who co-wrote the paper, said: "Many major mortgage providers are already willing to lend against these structures, which has been a problem in the past, meaning that first-time buyers could find them a highly practical way of getting onto the property ladder."