24 May

More property 'to be built in UK'

More property 'to be built in UK'

People seeking to purchase property in the UK may welcome predictions made by one expert that the number of homes being built in the country is to rise.

According to Nick Whitten, business editor at Construction News, the quantity of new housing starts will increase throughout the remainder of this year.

His comments follow the release of research conducted by the Department for Communities and Local Government, which revealed that the number of new housing starts went up by 13 per cent in the first three months of the year compared with the previous quarter.

He went on to say that the market would be further boosted if mortgage lending in Britain became less restricted.

Mr Whitten remarked: "There really still isn't that many products out there for first-time buyers and obviously the first-time buyers get the market moving so there still needs to be an increase in mortgage availability."
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