The housing market of UK has the highest level of construction since 2007

The Department of local government of great Britain has published data on the pace of construction. According to published data, the number of new houses being built in the UK, 10% higher than a year ago. In 2014 started the construction 137010 new homes . This is the highest level of construction since 2005 and 2006.

Over 700000 new homes built since the end of 2009 and over 200,000 – from the moment the program is launched the government’s “help to buy”.

In 2008 the housing market in the UK was virtually paralyzed at all stages, lenders don’t lend, the builders didn’t build, buyers are not buying. In fact, the economic meltdown of 2008 devastated the housing market in the UK, which has been in the doldrums since the 1920s, when the construction industry of great Britain has lost more than a quarter million jobs. Now obviously, the market gave a good push and he got to his feet.

In many ways, the revival of the residential real estate sector in the UK linked to the aid programmes of the government through which more than 77,000 homeowners become homeowners .

In addition, since 2010, more than 217000 units of affordable housing built was worth more than £19.5 billion the government plans to invest in the sector of affordable housing the UK £38 billion For the construction of 275 000 new apartments and houses.

The assurances of the Minister of construction in the UK Brandon Lewis, the government will make every effort to ensure that lending rates have not risen and this factor will contribute to the further development of the industry in the form of cheap mortgages to buy housing.

® Maxim Savitsky. 23.02.2015 G.

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