Hello, and welcome to New Property UK. I'm a 20-something, recent geography graduate with a keen interest in regeneration and redevelopment schemes throughout the UK. Over the coming months, I aim to utilise a variety of sources to analyse and provide coverage of development and regeneration schemes across the UK.
At the time of writing, the economy is in a state of flux. Whilst certain indicators suggest that a fragile recovery has started, it still remains to be seen whether we've reached the true depth of the recession. In light of this, the present time represents an interesting time to examine the state of development and regeneration around the UK.
As some of you may be aware, the government has set a target to build three million new homes by 2020. This initiative is combined with a series of localised regeneration and redevelopment schemes targeting towns throughout England. However, due the recent economic turmoil, house builder's have delayed and even shelved some new developments, meanwhile decreased availability of mortgages has further hindered home buyers. In turn, these factors have been further compounded by a sharp fall in house and land prices.
That said, it's not all gloom and doom! According to leading property analysts the the tide has begun to turn, and the new developments are starting to appear.
Over the coming months, this blog will feature some of the newest and most exciting property developments in the UK. Featuring a mix of residential and commercial developments, if there's a particular example that you know of, or would like to see covered, I'd love to hear from you.
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