Property Market Worsens Across the UK

As the property market seems to only get worse across the UK, people are beginning to question the cause of this crisis whereby 4.5 million people are without adequate housing.

Records are beginning to show that since 2002, not enough houses have been built according to population growth. A lack of decisive planning and a failure by housing departments across the country has left the UK sitting with an overwhelming crisis. This is one of the main reasons for the market being in such a state - there is far too much demand than supply.

Every region across the UK has reported huge shortages in housing, and with factors impeding the building of new developments, many have missed their targets by far. Since 2002, London would have required a minimum of 210,000 homes built in order to reach its target of alleviating some of the housing shortages. They only managed to deliver just over 142 000, a 32% drop from what was originally needed.

There is not much better news for the Northeast which missed their target by just over 11,000 homes. The Southwest, with its increasing population growth due to the over-population of cities, ended up 18% lower than its expected sum with only 123,110 homes completed. Yet, some areas did achieve some form of success such as Yorkshire which missed its target by a mere 8%, still managing to build over 100,000 new homes for families in desperate need of housing.

Many parties are proposing strategies to address the problem and to build homes for those in need. The Conservative Party, for instance, has devised a number of plans to see growth in both the private and the public housing system. One of their more controversial ideas is the development of the Land Trust, which would allow communities to work with industry to ensure that needs are met and that people start benefiting from living in their own home.

With the Conservative party set to increase votes in the upcoming election, perhaps foundations are being set for a whole new start.