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Housing association in new build area

Hello,

We have been viewing some of new build areas. We looked at an 1 year old property in new build area and there are still houses being developed in the area. Today when we went around to check the area we saw a board which said "coming soon" 50 new homes and it says "Kingfisher Housing association". Is this different to council housing estate? Will property value plunge in this new built area because of housing association properties?

the website is http://www.kingfisher-homes.com

can anyone tell me what are they please? thanks

Comments

  • RLH33
    RLH33 Posts: 375 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    From the website it would appear that they are registered social landlord which means that they provide what would have previously been called 'council houses'. However times have moved on a lot since the building of 'council estates' and most developments built by Housing Associations these days have a mix of open market housing, shared ownership and rented.

    I wouldn't have thought that prices would 'plunge' having an estate like this nearby but you can never really tell. Most new housing estates these days have at least some element of housing association or 'affordable' housing, most around 35%, but these are usually dotted around so that their tenure is not readily noticeable by other residents/visitors etc.
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