Infographic: All you need to know about UK housebuilding in numbers
It is safe to say that there is a high demand for new-build property across the UK. A new infographic from the experts at Experience Invest helps to explain the numbers which have been making the headlines in the property industry.
The new UK Housebuilding in Numbers infographic highlights the continued demand for property investment and explains how the market has changed in 2016.
“The UK’s property market continues to make headlines however, not all of the articles truly represent the fundamental undersupply of houses and the continued need for new build property. If the figures are to be believed, the government’s promise of building 200,000 homes per year will not be met any time soon and, even if it is, research suggests that this will still not be enough,” Dale Anderson of Experience Invest elaborates.
“From what we experienced, confidence in the housing market has remained strong in light of the Brexit vote and it is fair to say interest from overseas investors has increased. Construction of all of our projects including those in Luton, Liverpool and Manchester continues at a great pace,” Anderson adds.
Experience Invest expects the UK’s Build to Rent sector to remain buoyant in the coming years. The positive sentiment from investors has helped to propel the sector into the limelight, allowing it to emerge as another avenue to help ease the UK’s housing crisis.
If the government is unable to deliver on its new housing promise, the private Build to Rent sector could help breach the gap.
Changes to stamp duty taxes on second homes and buy-to-let (BTL) property may have deterred some buyers however, it is thought that if the levies for investment in BTL were to be lifted, cash flow into new build property could provide the answer to the current issues experienced in the sector.
This article has been provided by Experience Invest.