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2023
Only 2.7% of housing is available for rent
14-year record drop in residential property prices
House prices in Britain have fallen the most in 14 years, Nationwide reports in September 2023.
The first data for August suggests an intensifying economic downturn.
A sharp increase in the cost of a mortgage is putting pressure on buyers.
The collapse of commercial real estate transactions
In the second quarter of 2023, the volume of commercial real estate transactions in Europe fell by 58% to the lowest level since 2010.
The office segment suffered the most - the fall was 68%, while in the hotel segment the fall was 36%. In all major markets, there was a significant decrease in the volume of transactions.
Lower residential property prices at the beginning of the year
2022:30% decline in home sales from July to September
Demand for real estate in Britain fell to the lowest level since May 2020, when there was a COVID-19 coronavirus pandemic, writes The Guardian. From July to September 2022, home sales declined 30% from a year ago. Because of this, developers lost £1 billion.
2021
Weak growth in residential property construction
Price increase by 10.9% in May
UK house prices in May 2021 saw double-digit growth for the first time since 2014 as the booming market shows no signs of cooling.
Prices rose 10.9% from a year earlier. On a monthly basis, prices rose 1.8%, double what economists had expected.
2019: Britons ordered to build homes with electric car chargers
In early September 2019, a bill came into force in the UK, according to which all new houses should be equipped with a charging point for electric vehicles, even if the owners of the house do not have it. The project was another move by the government to ban sales of diesel and petrol vehicles altogether.
In addition, the new bill will help owners of both all-electric and hybrid cars as they can take advantage of a government subsidy to install a home charger. The government wants a charging point in all new homes, where appropriate, and is ready to allocate the tasks of creating new recommendations and guidelines.
In 2018, the British government published the report "Road to Zero: Further Steps to Ensure Clean Road Transport and the Implementation of an Industrial Strategy." Research published in this paper shows that more than 8.1m used cars were sold in the UK in 2017. Of these, more than 10,000 turned out to be cars with zero emissions of harmful substances into the atmosphere. This figure was 77% more than in 2016. The findings suggest that consumers want to get rid of harmful emissions. So the government wants to create "one of the world's best electric vehicle infrastructure networks."
The UK government wants to be at the forefront of the development and production of zero-emission vehicles and intends to introduce a ban on the sale of cars with internal combustion engines from 2040. The ban will also apply to hybrid cars, as they also use gasoline or diesel engines. The government hopes there will be no cars left with harmful emissions in the UK by 2050.[1]
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