housing shortages

Housing shortages in 2014 are comparable to the levels in the 1950s

Recent news headlines have indicated that housing shortages in 2014 are comparable to the levels in the 1950s. There is also opinion that the government’s previous target of 240,000 new homes a year to meet the rising population is unrealistic

The UK government advises

“For decades, there have not been enough homes to meet the needs of our growing and ageing population. From 2009 to 2010, only 115,000 new-builds were completed in England – fewer than any year in peace time since the 1920s and nearly a quarter of a million homes in England have stood empty for more than 6 months.

The housing market is also one of the biggest casualties of the 2008 global credit crunch and the government’s priority has been to rectify a situation where lenders couldn’t lend, so builders couldn’t build and buyers couldn’t buy.”

There is a call from the minister for housing that “The government wants builders, investors and local councils to increase the supply of both new-builds and repurposed empty homes “

Are these headlines therefore a clear indication that investing in UK property is still a good proposition with the chance for excellent returns on investment?

The indication and evidence is that the demand for property in the UK  is still strong and sustainable and still a potentially lucrative opportunity for the UK property investor. It is still key however to look at each development and each area on its own merit and also consider the target audience for the property.

The market is now however seeing a number of innovative projects that are making UK property investment more attractive and affordable to more individuals. Property investment in the right development can produce excellent yields and the potential for capital appreciation. Investment Property Consults are an independent property investment company that can assists those looking to invest in UK property locating the right UK property investment such as buy to let or other property assets that adhere to these principals and meet the specifics requirements of the property investor.

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