Carring on from Sunday’s blog… as well as there being 4.5 million people waiting for a home, there is also more than 2.5 million already living in overcrowded conditions. The shortage of houses for sale is being felt across the UK but some areas have missed their targets by a lot more than others:
From 2002/3 to 2008/9, London missed its published target by 32%, building 142,180 instead of 210,000.
Over the same period, the North East fell 19% below target, delivering 47,000 instead of 58,350.
The South West missed by 18%, delivering 123,110 homes when the target was 150,823.
Some did do a lot better than others with Yorkshire and Humberside coming closest to meeting its target, building 100,830 properties with a target of 110,100, missing by a comparatively low: 8%.
But the harshest year of the recent recession, 2008/09, proved to be the worst of all those researched by the NHF with the North East missing its target by 51%, the East Midlands by 49% and even Yorkshire and Humberside falling below target by a sizeable 48%. Let’s hope things can only get better, because they seriously need to.
Tags: fast house sale, repossession, Sell And Rent Back, Sell My House Fast