wiltshire: The society is starting small, according to The Guardian. The project, called Oakfield, close to Nationwide's headquarters in Swindon, Wiltshire, is for 239 homes, making it a new neighbourhood, not a new town. Now the mutual society is going back to the future and is to start building homes again for the first time in a hundred years, in a revolutionary not-for-profit venture challenging the major housebuilders' grip on the property market. It is aiming to build better and bigger homes as it has to cover just its costs, not squeeze out the 20%-plus margins that the big housebuilders usually expect. The value in this project will be in replicating it across the country. Profit is not our driving factor.
(news.financializer.com). As
reported in the news.
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