In addition, the demand for environmentally-friendly homes, often featuring timber in the construction stage, coupled with a stable economy will push house prices up further, the Housebuilders Market – UK 2007 has reported.
Figures from the study have shown that the rate of completion in the UK rose by 2% in 2006, although the author, AMA Research, has said that this is “a disappointing figure given the government’s aims to address the current housing shortage”.
And the figures suggest that the shortage of housing could prevail for a further two decades as demographic and social changes, including the growth in single occupancy properties, continue.
