In this video, Mike discusses the current supply and demand issues within the UK property market.
Supply Problems in the property market include:
- Lack of Property Being Built
- Developments and New Builds pausing due to build costs
- Planning departments are understaffed
- 2.65% of houses in the UK are empty
Demand Problems in the property market include:
- Population increase through age and immigration
- Less general affordability and higher rental demands
- High liquidity in the UK
- UK property investment still seen as the safest, tangible investment worldwide
