The volume of construction in the UK rose to a record level

The scope of residential property in England grow. The number of newly built flats and houses in England reached a record level. Over the past year construction started 164960 new housing units, which was 13% more than last year and more than three quarters exceeds the volume of construction in 2009.

More than 153000 houses and apartments in England was commissioned, which is 11% higher than a year earlier.

The UK government considers affordable housing a priority. An extra £1.4 billion was allocated to affordable housing in the UK, which amounted to a total investment of £7,1 billion.

Despite the obvious increase in the rate of construction, this is still not enough to meet the growing demand. According to the latest demographics, there is a real need for homes and flats in England in the amount of 209000 per year.

In this regard, the proposal to empower local authorities to return to the scheme of the 60-ies of the last century, when municipalities were granted loans at very low interest rates, so they could build housing for residents in your region.

Despite the political uncertainty in connection with the BREXIT, the UK is a dynamic, rapidly developing country with high population growth . Therefore, in spite of all the efforts of the government, the prices of property in the UK will continue to grow.

® Helen Entree. 25.08.2017 G.

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