Supply just one market driver
Few would deny the country is suffering from a shortage of housing, with new Treasury papers released to the Labour Party showing a nationwide shortage of 60,000 houses, which is growing by 40 a day.
Labour Party leader Andrew Little said this has resulted in out of control prices, speculators, and skyrocketing rents.
“The solution is simple: build more houses… When there’s been housing crises in the past, governments have stepped in and built, or helped to build, good, basic homes to get families on the property ladder and stabilise prices.”
But anyone trying to establish what might happen to the housing market over the coming year needs to look at factors beyond supply and the efforts to boost it.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
