The UK government is investing in affordable housing

Over £3 billion. ready to invest the UK government in affordable housing, but the investment will provide, provided that spent these funds will be in accordance with the recommendations of the government. This statement came from the mouth of the Chancellor of the Exchequer of the UK George Osborne, when he announced an overview of the expenditure budget, planned for 2015-2016.

Osborne also noted that housing benefit will include so-called social formula of rental housing that will allow owners of houses and apartments in the UK to raise the rent. These measures are necessary in order to pull rising rents to the level of inflation to 1%. Such social rent formula could stimulate the construction of new homes and would focus on solving the housing crisis in the UK.

Certainty the prospects of their income, which will be the homeowners will allow them to understand what to expect in the coming months and years and the real estate market in the UK will have stability, which is lacking now.

However, these measures have and opponents, arguments which boil down to the fact that artificial measures to regulate the housing rental market can lead to lower income homeowners and thus reduce their ability to invest in existing and new homes.

It is obvious that the market for the construction of affordable residential property in the UK still have a long way to go from £3млд. investment funds to push which will give a boost to the construction industry.

Now the construction of residential property in the UK is incredibly low, perhaps at its historical low. The exception is, perhaps, only London and the South-Eastern part of England. Steps to recovery that have emerged today, and incredibly fragile.

At present, only the previously planned infrastructure projects provide construction of new homes and apartments in UK and jobs growth. Such a prospect remains for the next 18 months. But it is exactly those projects that provide immediate economic returns and provide work in the construction sector.

® Maxim Savitsky 28.06.2013 g.