The United Kingdom is experiencing a crisis with the supply of new housing

In view of the continuing shortage of new homes and apartments in the UK for sale, every property is offered for sale, we have about 10 buyers. The number of new objects entering the market, is declining and has reached the level that was during the crisis of 2008.

A new report provided by the National Institute of real Estate Agencies shows that , despite this, the number of first-time buyers afford a house in the UK fell in November by 10% . After a promising period July to October 2015, in November, was concluded on 10% fewer transactions by first-time buyers bought their homes. And despite assurances from the government, it happens because people can’t pick them to appropriate affordable housing.

And the demand continues to grow, If in October 2015 336 buyers for every real estate office, 336 were registered potential buyers in November – 403 buyer for each office.

The number of objects available in each office, fell from 43 to 41 in November.

It is obvious that the rate of decline of the supply of housing on the market , prices can rise dramatically. Now experts predict a rise in property prices in the UK by 50% by 2025.

The government is Osborne’s promises to implement in the coming year 200,000 units of affordable housing. However, not all market participants share the optimism about this, but 4/5 of the agencies said that even this amount is not enough to meet all the growing demand. Thus, real estate prices in the UK there is only one path for the coming years is the path to the top!

® Maxim Savitsky. G. 25.12.2015

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