UK housing stock grows by 9%

The number of new homes being created annually has nearly doubled during the past six years but the total continues to fall short of government targets.

The UK’s housing stock increased by 241,130 homes in 2018/2019, 9% more than during the previous 12-month period, according to figures from the Ministry of Housing, Communities and Local Government.

The majority of additions came from new build properties, with these accounting for nearly 214,000 of the total, the highest level since the 1980s.

Other homes were created from building conversions and change of use, as well as larger properties being sub-divided.

But despite the fact the number of properties added to the UK’s housing stock has increased by 93% since hitting a recent low of 124,720 in 2012/2013, the figure remained below the Government’s target of creating 300,000 new homes a year.

Stewart Baseley, executive chairman of the Home Builders Federation, said: “We need politicians to continue to work with us and develop policies that enable further increases to be delivered.”

Interested in buying a new property? You are in luck as 240,000 new homes have been created in a year.

Source: Zoopla Property News

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

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denecoblog

I am a Property/Energy Consultant TA DenEco Consultancy - www.deneco.co.uk: A friendly, energetic and adaptable individual with keen interest and aptitude for learning and motivating others, with great academic skills and work experience in both Life science and Environmental Management, seeking an opportunity to use his proven flair for teamwork and creativity in Property Purchase, Energy Efficiency, Environmental management for sustainable development and growth in any related sector or industry. I help individuals, businesses, SMEs and corporate clients save or make money in regards to Property investment, energy efficiency, environmental management solutions. The foundation of my experience is environmental protection. I have a passion for helping people, businesses and corporate organization achieve their dream through Property Investment and become more efficient and effective in their energy, and environmental management. I get satisfaction from knowing that the work am doing is helping make/save money and the environment.  Contact us @ www.deneco.co.uk Outside of work you can find me spending time with family, studying and researching for new opportunities and continuous development. Specialties: Property Investment, EPC provider, Energy Efficiency, Environmental  management.

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