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Even boosting (UK) housing supply to 310,000 homes per annum in their model only brings a five per cent fall in the baseline forecast of house prices". [30] Therefore, the National Housing Federation (NHF) and Crisis from Heriot-Watt University argue that alongside the needed 340,000 new homes each year (until 2031), 145,000 of those “must be ...
House prices made a surprisingly strong jump in November to sit just 1% below an all-time high, Britain’s biggest building society has reported. The average UK house price rose by 1.2% month-on ...
The average UK house price fell for the fourth month in a row in December, according to an index. Property values decreased by 1.5% in December, following a 2.4% drop in November, a 0.4% decrease ...
There was a fall in the numbers of house completions after the 2008 recession, but by 2015 it was back up to 169,000. [54] According to the Centre for Ageing Better 21% of homes in the UK were built before 1919, 38% before 1946, and only 7% after 2000, making the British housing stock older than any European Union countries. [55]
The budget addressed the ongoing cost of living crisis, [2] and saw the announcement of a five-year package of tax increases and spending cuts designed to steer the UK through recession. An economic forecast published on the same day by the Office for Budget Responsibility (OBR) stated the UK had entered a recession after experiencing two ...
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Nationwide Building Society said UK house prices rose 0.3% month-on-month in July.