The Housing Crisis
Invest, invest, invest. That’s what the Government are telling people to do with property. But at the same time they’re warning of a looming housing crisis if enough homes aren’t built in the next few years to allow first time buyers onto the housing market.
It makes you wonder sometimes, why can’t they get their act together? There are enough houses; it’s just that Britain is in the middle of a cultural and immigrational crisis with more separated or co-habiting families than ever before and the recent influx of Eastern-European migrants following Romania and Bulgaria’s entrance to the EU in January 2007. This is causing there to be problems in some areas which the media are picking up on rather than showing the national picture.
Now don’t get me wrong, I’m not blaming the whole crisis on migrants or cultures but the Government themselves haven’t done much to help with the introduction of HIPs (Home Information Packs) which have in some areas seen the number of houses on sale decrease by as much as 41% in August, the first month of compulsory HIPs, according to the property website Right Move.
Now I’m not the biggest worrier about housing (well at the moment anyway), but I just can’t help to think that if something isn’t done now, the future will look very bleak for Britain’s housing market which isn’t fair for the future generations.