The balance of operations between Crimscote Constructions domestic and commercial sectors have illustrated a shift in balance within the last 6 months and It’s no wonder we are undertaking more residential developments in and around the West Midlands. Not only do we see a natural economic growth in and around the city and surrounding areas; but there’s also a fresh new approach evident from national housing providers.
This week alone, around 20 housing providers, Birmingham City Council and Birmingham Social Housing Partnership have committed to support each other to develop a new approach to housing and residential developments in the city.
The meeting was primarily to collaborate on their existing proposals for Birmingham’s housing sector but also to ensure we had sustained quality going forward, in addition to maximising the amount of properties being built.
Cllr John Cotton, Birmingham City Council’s cabinet member for neighbourhood management and homes, said: “Birmingham has a proud history of working with housing providers to deliver quality homes and better neighbourhoods but we recognise that we need to do more if we are in with a chance of delivering the quantity of homes needed.
“Quite simply, with less money available but more to do, it’s essential that we explore all possible avenues and work creatively to deliver homes and support services.”
Read more about the new proposals in full here
Interestingly enough U.K. houses jumped 6.4% last year, but the number of transactions fell as a shortage of homes on the market pushed property values higher.
The average price of a house in England and Wales increased to £188,270 in the year to December 2015, according to Land Registry data.
Houses in London hit an average price of £514,097, up 12.4% from December 2014. The east and south east also saw big rises, as buyers snapped up houses within commutable distance of London.
The diagram below shows last years demographic changes…….
After London, the biggest annual increase was registered in the east of England, where prices grew by 10.6%
The smallest change in property values was in the North East, where average prices rose just 0.8% in the year to December to just below £100,000.