We all know as property professionals that there is still a crisis of epidemic proportions with the lack of affordable housing in the United Kingdom.
As a company DevDosh Ltd was created with as a core principle and something that we wanted to help change, so we put our money where our mouth is and offer competitive finance to small to medium developers who want to build the affordable housing the UK so desperately needs.
Although what DevDosh Ltd do could be seen as just a drop in a vast ocean we are pleased with what we are achieving, but there is still lots more to be done.
There are many developers out there with the skills necessary to complete projects that can have a major impact on the UK property market, we also know there are many UK property investors ready and waiting to invest in such projects.
One huge stumbling block UK property developers are facing is the lack of available sites, according to new research.
The results come from the Federation of Master Builders’ (FMB) house builders’ survey 2017.
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The survey of SME house builders found that:
54% said accessing finance was a major barrier to their ability to build more homes (up from 50% in 2016)
A lack of available and viable land was the most commonly cited barrier (62%) to increasing output
54% believed the number of opportunities for small-site development was decreasing
42% said a shortage of skilled workers was a major barrier to building more new homes, this rose to 49% when asked to look ahead over the next three years
One in three small housebuilders that employ EU workers believed the end of free movement would be a major constraint
49% of SME builders viewed the planning system as a major constraint.
“Almost a decade after the financial crisis, access to finance for small house builders is getting worse instead of better,” said Brian Berry, chief executive of the FMB.
“Small house builders express generally positive views of some recent government initiatives in this area, such as the Home Building Fund, but we clearly need to double down on these efforts to make sure that SMEs have access to the finance they need to build Britain out of its housing crisis.”
Brain added: “More worryingly still, over half say that the number of available small sites is, if anything, decreasing.
“The [housing] white paper quite rightly emphasizes the need to diversify the housebuilding sector, so it is less reliant on a small number of large house builders.
“In order to do this, we need the government to make good on its proposals to improve the availability of small sites and speed-up the planning process for small sites.”
If you are one of the many UK property investors looking the right opportunity to invest look no further than DevDosh Ltd. We offer a fixed income, asset backed UK property investment vehicle that provides a safe a secure 10 % annual return.
For more information please visit DevDosh Ltd today.