The UK Housing Crisis has become an almost ever-present topic in the news over recent years. Yet in truth it’s been a pressing societal issue since the 1980s, which is why Experience Invest has made it the subject of its latest research report.
Simply put, a shortage of homes – particularly affordable houses and flats for first-time buyers – has made it difficult for people to get onto the property ladder. And despite many successive governments stating that tackling the problem is one of their main priorities the situation has steadily worsened, with figures from Shelter now suggesting the UK needs at least 1.2 million new homes to be built in order to meet demand from the country’s growing population.
Today, homebuyers, renters, landlords, property investors and developers alike are eagerly awaiting the next steps to address the Housing Crisis. Indeed, as house prices across the UK continue to defy the political and economic uncertainty caused by Brexit – between September 2016 and September 2019, the average UK house price rose from £214,816 to £234,853 – demand remains extremely high.
First-time buyers are eager to get onto the property ladder, while existing homeowners are invariably seeking ways to move up said ladder. Meanwhile, both domestic and international investors still regard bricks and mortar as an extremely attractive asset class; a survey we carried out earlier this year found that 54% of property investors are actively looking to expand their real estate portfolios in the current financial year.
The question, therefore, is what can be done to effectively address the shortage of housing across the UK? And do the British public have faith in the government’s ability to solve the issue?
To uncover the answers to these pertinent questions, Experience Invest commissioned an independent, nationally representative survey of over 2,000 UK residents. And we’re delighted to say that the findings of this research are revealed in our brand new report – Tackling the Housing Crisis: UK Perceptions on a Pressing Problem.
As well as many intriguing statistics, this timely report includes insights from Jerald Solis, Experience Invest’s Business Development and Acquisitions Director, about how the public and private sector can come together to build more residential properties.
Be sure to download your copy of Tackling the Housing Crisis: UK Perceptions on a Pressing Problem today.