Boom in the UK construction industry has provided the economic recovery

The recovery of the UK property market has affected the construction industry. More and more houses being built across the country. Rigorous statistical data for Q2 showed that the level of construction increased in the second quarter of 2014 by 18 percent. 36230 new houses began to be built in the period from April to June 2014. Now about 137780 new homes under construction across the country, which is 22% higher than a year ago. This is the highest level of residential construction in the UK since 2007.

Such success the construction industry has achieved with the active participation and assistance of the state. The UK government has made great efforts in helping young families to obtain their first home. Developed various schemes such as Help to buy , allows to obtain home buyers credit on favorable terms, as well as multimillion-dollar impact in the construction sector.

The construction sector of the economy has been growing for 15 consecutive month, showing an increase in the volume of construction more than a fifth over the past year. With the increasing pace of construction and increase the volume of orders of construction materials. Construction companies recruit new staff, the level of employment in the British construction is the highest since 1997.

Of course, such progress cannot be accidental. It is the result of efforts to reform the system of building and planning.

However,even that rate of construction can not ensure admission to the market the amount of housing that is needed.

The problem is that many builders finish their sites before starting to develop new plots for construction, then there is no continuous cycle of construction. In addition, builders must use a flexible approach. Often much easier and more profitable complete conversion and reconstruction of existing housing, rather than building the object from scratch.

The task of any closed economic system – to be able to recoup and make profits. Therefore, it is important, as in any industry, the economy, the UK construction industry, to solve the problem of how to ensure maximum citizens with affordable housing, create jobs and generate income for their investors.

® Helen Antre 21.08.2014 g

Altitude

AVENU

Boatyard

Bow Church

Canning Town

EDRIDGE Croydon

Holland Park Avenue

West One in Luton

Richmond