Resurgence of Homes Being Built Compared to Previous Months

An online agency dealing in real estate in the property and development sector of the country known as HouseSimple has discovered that there has been a considerable increase in the amount of homes being built and supplied in various towns and cities across the country in the last month of January this year as compared to December 2016. The research figures that they have compiled indicate that there have been almost twice as many homes being built and supplied in the last month as compared to the previous one of December, totaling a 93.3 percentage increase.

Of course, it is quite natural during the December month that the rate of property construction and supplying tends to decrease, what with the impact of adverse weather conditions as well as the traditional holiday period of that year. Nevertheless, only a month later, the fact that the amount of homes across the United Kingdom has increased to the point that it surpassed twice as much in over a quarter (27.1 per cent) of the country’s urban areas demonstrates a significant rise in growth and a sense of enthusiasm in the building and construction industry to tackle the problems that it will undoubtedly face this year with bravery and optimism.

The area of Lichfield in the West Midlands was the area in the country that increased the most in property supply in January compared to the month before, with a staggering 268.4 per cent increase by the end of the last month. Undoubtedly, this is a sign that the West Midlands is certainly living up to be one of the most lucrative areas for property development and construction. Indeed, it was also listed in a survey by eMoov recently (another estate agency accessible by internet means, like HouseSimple) as the most desirable place for young couples wishing to start a family in a more affordable housing area.

Resurgence of Homes Being Built Compared to Previous Months
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Resurgence of Homes Being Built Compared to Previous Months
BDC July 2022 issue - 294

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