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IS SUPPLY AND DEMAND FOR NEW HOMES ON THE RISE ONCE AGAIN?

By now we’re all familiar with the supply and demand crisis the country’s housing market is facing. Demand for housing is far exceeding supply, particularly in inner city areas such as London where prices are so high that many are struggling to get a foot on the housing ladder.

Experts have to consider increasingly creative means by which to provide housing in these areas including modular housing and more recently rooftop homes. According to the latest report from the National Association of Estate Agents, demand from prospective buyers has increased 13% on last year across the country, and 8% since November, which puts further pressure on an already struggling market.

It's not all bad news however, as the same report states that supply was also on the rise in December increasing 20% from November. A 20% rise is a great start, however this number needs to continue rising in order for us to see a difference in the housing crisis.

While more homes are being built, it is important to ensure they are being built in the right places – the places with the higher demand for new homes including affordable and social housing, rural communities that often get overlooked, and inner city areas that may not be in key locations such as London, Birmingham or Manchester.

An increase in housing could also put increased demand on house builders to find more suitable land sites across the country.  There is currently a shortage in the number of suitable sites being put forward for residential development, and this could potentially slow the rate of construction.

At Intro Crowd, we offer qualified investors the opportunity to collectively fund the purchase of land sites known as “strategic land” located across the UK. These sites are Greenfield in classification, which means that they have had no prior development and have often been used for agricultural or leisure purposes.

Intro Crowd have an experienced Planning Team in house that select each site based upon strict criteria. These sites will be located close to existing settlements with good road access and access to local amenities such as public transport, shops, schools and medical care. This makes these sites “sustainable” and often this can be attractive to house builders.

Once the sites have been selected, Intro Crowd makes them available for view on their bespoke online platform. Once fully funded, our Planning Team will then put the sites through the planning process, and if planning permission is granted, they will then aim to sell the sites to a house builder for residential development thus potentially increasing the provision of suitable land sites for housing.

For more information about Intro Crowd and how it works, please do not hesitate to get in contact 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 or Sapia Partners LLP for reliance on the contents of this article.

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