Property developers need to build more new homes

Data suggests the number of new homes coming to the market could be at its lowest levels since 1923, this news comes as housing charities struggle to cope with the demand for housing in the UK. The increasing levels of repossessions and householders facing financial difficulties will further burden the waiting lists for houses.
The private rented sector is becoming an increasingly important source of affordable rental property as more and more people find it a struggle to obtain mortgages. It is a painful coincidence that the number of new homes coming on the market has also been restricted because of tighter criteria for property development funding.