While the supply and demand crisis remains a problem across the country, according to a new poll by YouGov for the Home Owners Alliance, BLP Insurance and Resi architects, it’s not the only issue facing todays housing market.
Those polled stated a number of other concerns that are facing current and prospective home owners alike - but what were the most common issues?
- The poll found that the issues facing leaseholders are the fastest rising housing issues in the past five years, with 60% of those polled stating that the system is a serious problem due to service charges, ground rent and other fees. 26% complained about the cost of works and management fees, 22% complained about unfair service charges and 23% are unhappy about a lack of control over major works being carried out.
- First time buyers. According to the research, the majority of first time buyers state that the ability to get on the property ladder remains a serious concern while 88% said house prices and 87% said saving for a deposit were also serious concerns.
- The quality of homes. 63% of respondents stated that the were worried about the quality of homes, according to the research. Alex Depledge, CEO of resi.co.uk says that something needs to be done to stop poorly designed housing stock. He says “poorly designed housing stock is having an increasingly profound effect on the nation’s mental health and productivity. It is scientifically proven that people respond well to beautiful facades and large windows which is why Georgian and Victorian properties are so enduringly popular and expensive. But everyone has the right to live in a well-designed property.”
While the issues above need to be considered and rectified, one problem still remains: the lack of suitable homes being built across the country, and with that, a lack of suitable land being made available for residential development.
At Intro Crowd we’re offering qualified investors the opportunity to collectively fund the purchase of strategic land sites through our online platform. These sites are located close to existing settlements, with good road access and access to crucial local amenities. This, combined with their undeveloped greenfield status, makes them sustainable in nature and can therefore be an attractive proposition for house builders.
Once fully funded, our experienced planning team will take these sites through the planning process and, if successful, aim to sell them to a house builder for residential development thereby assisting with the provision of new housing stock in the UK.
For more information on anything mentioned above, or to learn more about what Intro Crowd do, please do not hesitate to contact us today on +44 (0)20 7118 4040 or via email at firstname.lastname@example.org
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.