The mounting supply and demand imbalance in the market is driving up both property prices and rents across many parts of the country, with new research suggesting that the average price of a residential property Britain could reach £300,000 by the end of the year, if price growth in the property market continues at its existing pace.
Rightmove’s latest House Price Index revealed that the average price of a home hit a new national high of £294,834 in September, owed mainly to a lack of housing stock coming on to the market.
The National Housing Federation estimated that 974,000 new homes were needed between 2011 and 2014 to meet demand, and in reality that figure looks likely to rise.
In response, the Housing Minister revealed during an interview on BBC’s Inside Out Programme (aired 21.09.15) that the Government is determined to deliver one million new homes during the course of this Parliament to tackle the problem.
However, you don’t have to wait until 2020 for new homes to become available as we currently have several developments to choose from in areas such as Hook, Hartley Wintney, Church Crookham, Farnborough, Ash and Odiham.
To view our full range of new homes available, please click here to visit our New Homes page.