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ARE THINGS FINALLY LOOKING UP FOR THE UK HOUSING MARKET?

Brexit uncertainty may have taken the country by storm but its not all doom and gloom in the UK this month with new figures released suggesting the number of new homes built across the country has reached an 11-year high.

By now we are all familiar with the supply and demand crisis that has swept the nation, with an entire generation facing being priced off the housing ladder and many having to resort to private or social renting to keep a roof over their heads. The problem has become a priority for the UK Government alongside Brexit negotiations, and they have famously set ambitious house building targets to attempt to rectify the problem.

The number of new homes being built each year has however consistently fallen below target, so this month’s positive news will bring a welcome sigh of relief to house builders, the Government and industry professionals alike.

According to the data published by the Ministry of Housing, Communities and Local Government (MHCLG), a total of 173,660 new homes were built during the year ending June 2019 which was an 8% increase on the previous year.

Housing Secretary Robert Jenrick commented “the data is hugely welcome, with the number of new homes built reaching an 11 year high. We are moving in the right direction, but there is still much more to do if we are going to deliver the numbers need by communities up and down the country.”

While the news is certainly positive, we’re not out of the woods yet – a number of industry experts have weighed in on the latest figures with Jamie Johnson of FJP Investment commenting “it is approximately half the number needed if we are to address the housing crisis.” 

Another factor to consider is the increased need for suitable land sites to be identified for residential development. At Intro Crowd, we give qualified investors the opportunity to collectively fund the purchase of strategic land sites across the country via our bespoke online platform.

Strategic land refers to undeveloped greenfield land in a strategic location. Often these sites will have historically been used for agricultural or leisure purposes, and will be located close to or within an existing settlement. They will typically have good road access as well as access to crucial local amenities including shops, schools, medical facilities and public transportation. This makes them sustainable in nature and this can often be an attractive feature for house builders.

Once fully funded, these sites are then taken through the planning process by our experienced planning team and, if consent is granted, we aim to sell them on to a house builder for residential development.

To learn more about anything mentioned in the article above, or to find out more about Intro Crowd and what we do, please do not hesitate to contact us today via telephone on +44 (0)20 7118 4040 or via email at incrowd@introcrowd.com

This article is for educational purposes only and does not constitute investment advice. This article does not amount to an invitation or inducement to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction.

In all cases, readers should conduct their own investigation and analysis of the data in the article. Readers are strongly encouraged to seek independent legal and financial advice when considering an investment in strategic land. All statements of opinion and/or belief contained in this article and all views expressed and all projections, forecasts or statements relating to expectations regarding future events represent Intro Crowd’s own assessment and interpretation of information available as at the date of this article.

No responsibility or liability is accepted by Intro Crowd for reliance on the contents of this article.

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