Tuesday, 13 February 2018

How To Fix The Housing Shortage


A surprise increase has been caused by a shortage of supply, says Nationwide. If Communities Secretary Sajid Javid imposes a charge on builders' unused land the money should be handed to cash strapped council planning departments to get developments moving.  Something of a surprise from Nationwide, which reported a 3.2 per cent annual rise in house prices in January and the 2.6 per cent recorded the previous month.  It’s the biggest increase since March 2017, and has pushed the average price to £211,756, the highest recorded by the building society. This is eye opening when you consider the squeeze on household budgets, the general lack of consumer confidence, the torpid economic outlook thanks to Brexit. Read more on the Independent website.

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