The UK housing market continues to flourish, despite the nation's economic changes. A surge of house hunting demands rose as of May this year, and real estate agents turned to politicians for help in pushing for more housing reforms as mentioned in a bbc.com article.
In the same article, the NAEA (National Association of Estate Agents), banked on this viewpoint after the British Bankers' Association suggested that the UK real estate market is bouncing back and apparently stabilizing its ground among property buyers.
Thisisthemoney.co.uk reported that the nation's General Elections prompted the campaign to build more houses to be made available within the next coming months. The NHBC (National House Building Council) has seen the need for home builders to meet the 18% rising demand for more homes as about 40,281 homes were newly registered within the first quarter of this year. However, it still falls below the 53,420 homes that were registered during the peak of the property market which was recorded early 2007.
Home affordability and home ownership were just two most talked about topics during the General Elections. Housing shortage in the UK was one of the reasons for the rise of housing prices, as reported in the same article.
This housing shortage was also featured in an article by theguardian.com that talked about the housing movement as the southeast UK and even London experienced by people having average incomes who are still unable to afford a decent place to live. The call for more social housing options needed to reflect on the ideal that decent housing is not a privilege, but an unparalleled right by any human being. Affordability also needs to be explained on clearer terms, as it is currently being described as market rate function and not based on local income, for everyone to enjoy.
