Is The UK Housing Crisis Solution Right In Front Of Us?
Nov 7, 2022
The property market in the UK is somewhat paradoxical…
We need to create more new homes to keep up with demand, but at the same time, the number of residential properties that are unoccupied is running at unsustainable levels.
It’s worth noting that in England in 2022, the number of VACANT homes versus NEW-BUILD properties launched is a sobering reminder that the UK real estate market is not working as expected.
📍 Birmingham — 5,496 vacant, 337 new-build
📍 Liverpool — 4,880 vacant, 114 new-build
📍 Sheffield — 2,838 vacant, 44 new-build
📍 Leeds — 2,693 vacant, 274 new-build
Creating incentives that encourage owners of property to use their properties more efficiently is urgently needed.
Data source: Open Property Group
