From the Wires
Private Companies Step up to Fill UK Housing Void
By: PR Newswire
Jan. 14, 2013 11:07 AM
LONDON, January 14, 2013 /PRNewswire/ --
An article published by 'UK Property Market' has revealed that private building companies in London and the UK are plugging a sizeable gap in the affordable housing market.
The report published here has revealed a gap in the affordable UK housing market that is being filled by many private building companies. The article highlights a series of 'ups' and 'downs' in the UK Property Market with the Council of Mortgage Lenders (CML) reporting a rise in the number of successful loan applications. Yet this is starkly contrasted against statistics which show that the percentage of first time buyers in the UK housing market has fallen by 28% in the past 2 years. As a result a number of builders in London - where the issue is felt the most - have adapted their long term strategy.
"We know that the current UK situation is still shaky. That is why we operate to any budget a client gives us. It is commercially and socially unwise to over-quote for a job. The pressure on home owners and first time buyers is immense particularly in the capital, which is why we do everything we can to minimise the cost without sacrificing the quality."
Barak Chever, Fresh Home Builders
The article continues in this vein and highlights the increased percentage of homelessness (a rise of 26% since 2011) which can also be combated by private companies willing to perform renovations and new builds for a fraction of what could be spent. Even interior specialists are keen to highlight the creative ways people can use to save money when buying and furnishing property.
"First time buyers can win big in the current market if they are smart with their money. We operate regular deals on our mattresses and beds to ensure that all of our customers can afford the best."
Mr Yas, Odd Size Beds
The article concludes by reporting that a 'hugely creative' private sector may be the key in helping the UK out of its current housing crisis.
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