3d ā¢ General discussion
š Almost Ā£4 Million Invested in Property to Support Children in Care
This caught my attention this week...
Durham County Council has approved a Ā£3.9 million investment to purchase 25 properties that will provide safe, stable accommodation for young people in care.
Why is this interesting from a property perspective?
It highlights something I've been talking about for years: property isn't just about profits, it's about solving real-world problems.
The council is currently spending over Ā£1 million per year leasing emergency accommodation from private landlords. By owning the properties themselves, they'll reduce costs, create better outcomes for young people, and make more efficient use of public funds.
At the same time, demand for supported accommodation continues to rise, creating opportunities for investors, developers, and housing providers who understand how to meet these growing needs.
The biggest opportunities in property often come from identifying a problem and creating a solution.
š My question for the community:
Do you think local councils should invest more in owning property assets rather than relying on expensive short-term rentals?
And have you ever considered supported accommodation or social housing as part of your property strategy?
I'd love to hear your thoughts below š
10
12 comments
š Almost Ā£4 Million Invested in Property to Support Children in Care
skool.com/assets-for-life-8963
A free community group from the UK's premier property, business, and wealth education company. We are in the business of changing lives!
Leaderboard (30-day)
1
+110
2
+79
3
+54
4
+52
5
+51
Powered by