Armando Moreno

The UK government’s much lauded Housing Development Agency came into being on the 1st of December. Its stated aim is to make sure that the Home Sales UK market, not only overcomes the current recession, but also comes as near as possible to, or better still surpasses the government’s own stated aim of adding three million extra Houses to the House Sales UK market during the coming 10 years.

The Housing Development Agency has already recognised that there is currently a woeful shortage of House Building projects underway at present. It also has said that this problem is being made worse by the fact that House Buyers themselves are in desperately short supply, and those few that want to buy Homes at the moment are just too afraid to make the move.

This dearth of House Buyers has forced several Builders to put their existing projects on hold, and to hold back or indefinitely postpone those projects which haven’t yet started.

Everybody acknowledges that the true medium to long term problem in the House Sales UK market is that there are, in normal situations, lots more potential Home Buyers than there are Houses available to purchase. That’s why the Housing Development Agency is keen to come up with and realise schemes to finance high quality House development projects all over the country, and at the same time to give people the confidence to Buy Houses again. They’re doing this by putting up loans, Joint Venture Capital and Shared Equity schemes designed to help house builders to stay in business through the current recession, and to continue to produce the quantity and quality Houses that House Buyers are going to desperately need and demand as we come out of the current recession.

Additionally, there’s one more problem that’s forecast to afflict the House Sales UK market in the short to medium term, and that is the rising wave of unemployment which is gathering pace relentlessly at the moment. This is badly shaking the confidence of just about everyone who wants or needs to Buy Homes. It’s also actually going to see many House Buyers getting into problems with their mortgage repayments, if they’re unlucky enough to lose their jobs, and this may well lead to them losing their House due to repossession.

The new Agency therefore acknowledges that it urgently needs to tackle this problem, and put forward a range of solutions that will allow more families to hang on to their Houses through the temporary, but nonetheless very hard times to come.

If they can achieve that, they’ll put just enough confidence into the market, which, when added to the direct help they plan for the House Building Sector, should hopefully keep many more Construction and allied workers in their jobs, and this will further boost confidence and the House Sales UK market.

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