Brexit's Impact on the UK Housing Market
As it currently stands, with the December election looming, there is understandably a lot of uncertainty about Brexit. Across the UK, there is a lot of concern surround living, economy and housing particularly. Although nobody knows what is going to happen after Brexit, there are many predictions based on what has happened so far. Generally, nobody knows what will happen once we leave the EU which is why there is so much uncertainty around the housing market. For many, housing is a big concern and one which has been mentioned as a priority in general election debates. There are big promises from each political party regarding housebuilding; with some focusing on private building and others on social housing. Homelessness is a massive issue in England, both visible and hidden; with a massive million families stuck on council waiting lists. Last decade there were 30,000 more social housing homes built than in this decade. More than anything, the issue arises when it comes to affordable housing; it seems across bigger cities there is a real focus on ‘luxury apartments’ but a lack of affordable housing in the suburbs of cities such as Manchester. The Federation of Master Builders is calling for political parties to make housebuilding a national infrastructure priority which would mean more affordable housing being build and more work for the construction industry.
