The housing shortage crisis in Britain, with a deficit of 4.3 million homes, takes precedence in the lead-up to an anticipated general election, prompting major political parties to address it while balancing concerns about landscape preservation and planning laws.
UK housing
Breaking News
The house prices in UK grows slower than expected due to the mortgage approvals dip in the previous month. However, the number is still higher compared to the one in 2014. With some factors related to wages raise and unchanged interest rates, there is likely an increase in the housing demand shortly.
Rents in London were up over eight percent, while overall national average was 4.8 percent in 2015. Majority of millennials prefer rented accommodation rather than buying a house or flat. Millennials are not bothered about maintenance works and other mortgage tension these days. The Generation Rent also considers buying a property is very expensive.
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