Britons believe Government ignores housing crisis

Only a fifth of UK homeowners believe the Government is doing enough to combat the housing crisis, new research from Market Financial Solutions (MFS) has revealed

The specialist lender commissioned an independent survey of 1,323 UK homeowners It found that just 21% feel the government is taking sufficient action to address the country’s housing crisis, with a significant majority (69%) stating that the lack of affordable housing is one of the most pressing social issues in the UK

At the time of writing, the Bank of England’s base rate has risen 13 consecutive times since December 2021, jumping from 0 1% to 5% Less than three in ten (28%) homeowners think the government has done enough to support people with mortgages during this period.

In the same period, there have been six different housing ministers, and the survey revealed that just a fifth (20%) of homeowners are aware of who the current housing minister is (Rachel Maclean MP)

Meanwhile, after the Government dropped its mandatory housebuilding

Bancon ‘best starter home’ in Scotland

Bancon Homes has won Starter Home of the Year for The Carden at The Aspire Residence, Aberdeen in the 2023 Scottish Home Awards, announced on June 22nd

The company was also shortlisted in four other categories, namely: Apartment Development of the Year (Private Sale) –the Aspire Residence, Aberdeen; Starter Home of the Year – the Carden at The

Aspire Residence, Aberdeen; House of the Year – the Raeburn at The Reserve at Eden, Aberdeen; Housing Development of the Year (Large Private Sale) – Lochside of Leys, Banchory It was also nominated for the first time in the Housebuilder of the Year (more than 100 units) category

“This was fantastic for the Bancon team who work so hard creating new homes for

Beal goes virtual with Futurium

East Yorkshire-based Beal Homes is using the latest in immersive 3D technology to help house hunters find their new home Beal has teamed up with technology innovator Futurium to offer a digital experience to customers

Using Futurium’s 3D interactive software, househunters can take a virtual tour of Beal developments, explore inside the housebuilder’s luxury house types and select their perfect plot, even before a single brick has been laid

“Traditionally, people looking to buy a new-build home were limited to visiting a marketing suite on a construction site and viewing one-dimensional house type images, floorplans and development plans,” explains Jamie Barrington, Beal’s sales operations manager

“That meant it was difficult for househunters to visualise plots in the context of the development, appreciate how individual homes would look and imagine the street scene

“This technology takes the guesswork out of it and enables buyers to see exactly what their chosen home and outdoor space will look like and precisely where it targets in December 2022, 58% of homeowners consider the Government to be prioritising property taxation and regulation, rather than building new homes

Paresh Raja, CEO of MFS, said: “The housing crisis is a major issue in the UK, and our research shows that there is a lack of confidence among homeowners and homebuyers that the government is addressing it This is likely, in part, a reflection of the turbulence Westminster has experienced in the last year, with changes of leadership bringing about new priorities

“ W i t h i n t e r e s t r a t e s r i s i n g r a p i d l y i n t h e l a s t 1 8 m o n t h s , t h e s t u d y c l e a r l y h i g h l i g h t s t h a t s o m e h o m e o w n e r s f e e l l e f t b e h i n d , s o s u p p o r t i n g t h o s e w i t h m o r t g a g e s a n d e n c o u r a g i n g m o r e h o u s e b u i l d i n g o u g h t t o b e a t t h e t o p o f t h e g o v e r n m e n t ’ s t o - d o l i s t

MFS’s research also found that one in three (31%) homeowners believe that high inflation and rising interest rates will result in a property market crash in the next 12 months Positively, though, over half (52%) see property as a safe investment in the current climate our customers,” commented managing director Allan Clow

“To not only have three of our developments nominated but also Bancon recognised in the housebuilder of the year category, is a major achievement” will be located within the development

Futurium’s iX3D system is part of the facilities on offer at the Beal Showroom in Hessle, East Yorkshire Beal has invested £5 5m in the facility, with enhanced and expanded facilities and features, including a Design Lounge where buyers enjoy the housebuilder’s design service