House Building Shortage, Or Not
House prices today are considered astronomical, and the accompanying shortage a national crisis. Government has called for the construction of one million new homes by 2020, and the responding building figures from the industry show nothing like that figure is being built at all.
After the Second World War, house building was running at around 300,000 units per year, and even given the current population of the country, house builders are unable to provide half that number.
Burgeoning immigration, living longer lives, the increase in single occupancy and shortening supply of Continue reading “House Building Shortage”