Government failing to address housing shortage across UK

By Michelle Rock

The housing shortage in Northern Ireland and the rest of the UK is not being tackled effectively by the government according to the Royal Institution of Chartered Surveyors (Rics).

The number of properties for sale has reached its' lowest ever, with just 47 houses for sale per surveyor in the month of July. At the same time, Rics says demand is increasing at its quickest rate in 18 months, which combined with the housing shortage will result in rising property prices. Head of policy at Rics, Jeremy Blackburn, says the government is failing to "address the real issue of supply", and that a "coherent and coordinated house building strategy is required".

The government responded to the criticism by saying 260,000 houses have been built over the last 5 years, and a commitment has been made "to deliver 275,000 extra affordable homes over this parliament", which it says is the "fastest rate of build for 20 years".

If you are buying a property in Northern Ireland, or selling or remortgaging an existing home, contact the conveyancing team at Wilson Nesbitt in Belfast or Bangor for advice and information by calling 0800 840 9290.