Pakistan has been suffering from a housing shortage in recent years. The deterioration of the Pakistani economy has a negative impact on the real estate sector. The Pakistani government expects foreign investors to invest in Pakistan. A shortage of housing in the recent days of the Pakistani government’s biggest problems. In Pakistan, there are not …
Tag Archives: housing crisis
UK Council of Morgage Lenders welcomes the Government’s housing white paper
The CML welcomes the publication of housing white paper, and looks forward to working with the government on measures seeking to increase the availability, affordability and choice of homes across different tenures. In the owner-occupied sector, the CML stands ready to help the government deliver a more targeted starter homes scheme, intended to assist aspiring young owner-occupiers in overcoming some of …
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Savills : London’s disappearing £300k average house price tag
While the average English house price now stands at £277,000, neighbourhoods where the average price is below £300,000 are a dying breed in London thanks to rapid price growth over the past five years, according to analysis by Savills, using latest Land Registry data. Indeed, there are now more electoral wards in the UK capital …
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UK’s Home Builders Federation says remove barriers and SMEs could deliver 25k more homes a year
A new report published by the Home Builders Federation highlights the challenges faced by SME house builders looking to increase output and sets out a range of proposals to address the finance, planning, and red tape barriers preventing smaller firms from playing a bigger part in tackling the housing crisis.. Over the past 25 years …
UK government supports new garden villages to ease housing shortage
The first ever garden villages, which have the potential to deliver more than 48,000 homes across England, have been given government backing. In an expansion of the existing garden towns programme, these smaller projects of between 1,500 and 10,000 homes continue the government’s commitment to support locally-led development and make sure this is a country …
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U.S mortgage rates hit new 2016 high : Freddie Mac
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates moving higher for the sixth consecutive week. 30-year fixed-rate mortgage (FRM) averaged 4.13 percent with an average 0.5 point for the week ending December 8, 2016, up from last week when it averaged 4.08 percent. A year ago …
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Sadiq Khan sets out new planning rules to speed up the building of more affordable housing in the capital
The Mayor of London, Sadiq Khan, has set out new planning rules to speed up the building of more affordable housing, alongside plans for how record-breaking investment of £3.15bn will support 90,000 new affordable homes in the capital. The Mayor’s new funding programme details how he will use the investment – the biggest housing deal …
UK needs to build 300,000 homes a year for the foreseeable future, says House of Lords Economic Affairs Committee
House of Lords Economic Affairs Committee in UK has published a new report “Building more homes” which criticises the Government’s housing policy. According to the report, the Government must lift its target by 50% and build 300,000 homes each year to tackle the housing crisis. It also suggests that Local authorities and housing associations must be …
Average house price in UK reaches £213,472 in May
According to the Halifax House Price Index, house prices in the three months to May were 1.4% higher than in the preceding three months (December 2015-February 2016) in UK. This was slightly below April’s 1.5% and was the lowest since November 2015 (1.4%). Prices in the three months to May were 9.2% higher than in …
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Younger people in UK concerned about buying new home
Financial worries dominate the thinking of today’s generation of prospective home buyers in the UK according to the a new report and survey published by the Home Builders Federation.The survey also highlights the change in attitudes to home buying between young and old. The survey shows that whilst 84% of 18-34 years olds still want …
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