The UK government continues to invest in the real estate market

Thousands of Britons across the UK will get new housing which is being built with funds allocated by the government. The British government rightly believes that affordable housing is the cornerstone of power of the British economy and social well-being.

Already significant progress has been made in this case and we cannot say that the housing market in the UK is in crisis, but the government intends to continue its actions to inject capital into the real estate market, thereby stimulating the construction industry of the United Kingdom.

Around £53 million pounds will be spent on the construction of more than 7,000 housing units in large new buildings in Manchester, Midway, Swindon and Katerine. In total, since the beginning of 2012, when the program was launched, was brought to market about 80,000 homes.

For the next 5 years the government has allocated 1 billion in the next rounds of the program. From construction companies received 56 applications, which indicates a high interest of developers in receipt of such projects. The final list of companies that won the right to participate in the construction on the first phase of funding will be announced in late summer.

From the allocated £53 million £3 million will be directed to the planning and signing of the relevant agreements, allowing you to run 85 building sites with 25,000 homes on them as soon as possible.

£49 million will be spent on construction of houses under the program “build to rent” in Hampshire and Croydon. It will be 540 homes built specifically for private rent.

In 2010, the U.K. housing market was paralyzed construction at zero. Since then, the market has already received 445000 housing units and the construction market the residential sector is at a high level since 2007. The revival of the construction industry clearly indicates that long-term economic plans of the government work. Investments from foreign and local investors flow into the market. The main problem in the property market in the UK today – lack of affordable housing, which can be solved if the government will continue its programme of encouraging industry.

® Helen Antre 01.07.2014

Offer for investors. Chelsea

Our advice to investors. New building in Fulham.

Penthouses and apartments in London. Westminster.

Real estate investment in London. Canary Wharf.

Apartment class “Lux” in West London

Real estate investment in London. Dickens Yard

Battersea Reach

Apartment in London Luxury prestigious index W9 £1300000

House in the heart of London, Wimbledon £3750000