The housing market’s gap between supply and demand and how property investors can help
It should come as no surprise that demand for homes in the United Kingdom significantly outstrips supply – as it has for decades. However, with demand up 49% in January, according to Zoopla's latest House Price Index, the highest New Year gain in five years, it's obvious that housebuilding must ramp up the pace to narrow the gap.
The impact of the Coronavirus pandemic on the housing market is well documented by now. With 1.5 million house sales projected, 2021 is expected to be the market's busiest year since pre-financial crisis over a decade ago, thanks to a post-lockdown need for greenery and more space to support increasing home working.
House prices have also continued to rise steadily over the past 12 months, with the average price of a property in the UK increasing by £16,000 to £240,800 in 2021.
