The Royal Institution of Chartered Surveyors (RICS) has recently claimed that the UK is facing a “critical rental shortage” and a rapid building programme is needed to alleviate the growing problem.
Worryingly, data suggests that a minimum of 1.8 million more households will be looking to rent as opposed to purchasing a home by 2025 due to increasing barriers, which are reducing the amount of people able to secure a place on the property ladder.
In a bid to ease the issue, RICS has called for the government to offer tax breaks to encourage building and investment in the sectors, which after Brexit and rising transaction costs has massively stalled.
Further analysis reveals how the number of households renting a property rose from 2.3 million in 2001 to 5.4 million in 2014 (RICS), with the report stating that may future plans for investment have been aborted fur to the changes in stamp duty which were brought in during April.
With rental supply at a low, we believe that it is important for first time buyers to have the chance to get onto the UK’s property ladder.
That is why we developed our model, using permitted development rights to convert tired offices into beautiful apartments which we can sell at an affordable price.
Our developments span across trendy areas such as Croydon and Crawley, to leafy suburbs including Epsom and Sutton.
All apartments are finished to the highest specification and our communal areas have even won industry awards, yet our prices start at just £235,000 and we also have help to buy in place. This means that a London home could be yours with just a 5% deposit.
To find out more, please contact our team on 0208 688 6552