It's a good day for home developers and investors alike in the UK as the housing demand had increased. According to an earlier report by propertywire.com, "Housing demand in the UK continues to grow, reaching an eleven year high in August." As more home buyers are looking for home, the demand grows larger in the UK. The number of house seekers listed per branch continued to rise this month, up 5 percent, to an average of 462 per branch compared to 439 in July. This is the highest recorded volume since August 2004, when an average 582 house hunters were recorded per NAEA branch as stated in a report by propertywire.com.
The need to build homes is essential for the UK, but it does not come easy at all. According to cbi.org.uk, "Less than 10 percent of England is developed yet house builders of all sizes often struggle to find permissible land for development."
Despite the challenges in home building and construction, the demand for housing surges. According to a recent report by propertywire.com, "The available housing also increased in July, jumping 25 percent from an average of 44 properties available per NAEA member branch in June, to 55 in July."
It is also further reported by propertywire.com, that "These levels have not been seen in almost two years, when 57 houses on average per branch were recorded in September 2013." Although the demand is high, it stands out that in July, the number of sales made to first time buyers fell, with the group now accounting for just 23 percent of home sales.
The demand is skyrocketing but UK struggles in providing homes. According to a previous report by propertywire.com, "There is simply aren't enough houses to meet growing demand, and until there is more physical bricks and mortar, there may be no hope in solving the housing crisis.
