Other ideas to ease the pressure on housing stock...

The housing situation in the south east continues to cause waves. Last year Housing Minister Mark Prisk even set up a working group to look at the possibilities of building more pre-fabricated houses. The idea is that this could enable thousands of flats and homes to be built at a fraction of the cost of more traditional properties, and so in theory ease the pressure on prices. These building could be modern, factory-built units that come complete with built-in kitchens and plumbing.

Or maybe the government need to do more for smaller developers. Large builders need bigger sites to make the returns demanded by shareholders. But in many other European countries, most properties are built on small sites, by smaller builders. Jan Crosby of s KPMG accountant, reports that 80% of homes in Austria are built on a smaller scale. If  such builders could be incentivised to build more, with the help of cheaper loans that might help. More people could also be encouraged to build their own homes, where significant savings can be made.

In the 1960s, the British government decided that a further generation of newtowns in the south-east of England was needed to relieve housing congestion in London, one of the outcomes was Milton Keynes. Never the less the government has announced plans for up to three new Garden Cities with the first in Ebbsfleet in North Kent. But while that may ease the housing shortage in that area, the provision of 15,000 new homes over a long period of time is unlikely to have a significant impact on property prices across the UK. Enables IFA’s of Bishops Stortford see it as a long term problem for house buyers unfortunately..


Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE