Main news

The plans of the UK government for the construction of housing are far behind the declared

124Views

Selected a year ago the British government during his election campaign promised to build 1 million new homes and apartments over the next five years. However, the data obtained on the progress of construction of residential houses and flats in England and Wales in the 1st quarter of 2016 indicate that the pace of construction does not comply with the stated and fall. 35530 construction of new apartments was launched in the 1st quarter, which is 3% less than in the 4th quarter of 2015.

Put it 32950 housing units, which is 9% less than in the previous quarter and 3% less than the year before.

Thus the maximum number of objects of real estate, which is really to build for the year is £140000, which is £100000 less than that required to the United Kingdom.

 

However, the level of consumer confidence in the industry remains high and the mood positive buyers, and builders intend to expand the volume of construction.

In the rental market of residential property in the UK the situation is even more depressing, is the number of commissioned houses for rent in the first quarter of 2016 decreased by 24% compared to the previous quarter, as investors leave the market under pressure increased Stamp duty and increasing the tax burden.

Ian Crosby, head of the international audit group KPMG, believes that the housing crisis in London was part of the reason that elections of the mayor of London defeated Sadiq Khan. Sadiq Khan, skillfully manipulating the problems of ordinary Londoners, has repeatedly said that the policy of the previous mayor attraction in the city foreign investors have led to the fact that property in London is now inaccessible to ordinary citizens in its election program called for the formation of new policies of the real estate market of London to give priority to local residents.

Meanwhile, along with government measures to tighten conditions for financial elites, pouring in the capital market of real estate of London, need additional measures to stimulate the affordable housing market. The real solution to this problem can only help large-scale construction of apartments and houses in London in the economy class. You must free up new public lands and solve the bureaucratic issues with the brakes on the housing sector, introducing all areas of innovative solutions. Given that current statistics lags far behind the declared plans, the government should more intensively seek ways of decision-making.

® Alice Morgan. 27.05.2016 g.Why did the British want to withdraw from the European Union

In the UK, reduced Stamp duty

Index LSL Property Services Acadametrics

Index Office for National Statistics

Index Rightmove

Index Nationwide

The Index Of The Land Registry

Index Hometrac

Index Halifax

Index index

Price indices for UK property

LEAVE APPLICATION FOR SELECTION OF REAL ESTATE

IMPORTANT! A NOTIFICATION ABOUT THE SECOND CITIZENSHIP

 

Leave a Reply