The latest news shows that the housing market has recently been brought to a standstill in many areas as the number of new homes being built has dropped to its lowest level seen since the 1920s (excluding the second World War). Additionally the number of new houses made available on the market by existing home owners is dwindling fast, contributing to a glut in the supply of residences and having what is seen by all to be a major negative impact on a market that was seen as highly promising just a few short months ago.

The latest figures are particularly disheartening to many first-time buyers looking to take advantage of the still constant 0.5% low interest rates offered by the central banks for lending institutions to base their loans on, with many individuals deciding to put off starting a family until they can afford a home of their own. In fact, recent studies have shown that roughly 33% of men and 20% of women aged 20 to 34 still live with their parents, with the average age for purchasing a home for he first time now rising to an impressive (and scary, for some) 37 years old.

This recent stalling in the market is having a negative impact upon the commercial real estate industry as well, as fewer and fewer investors are willing to put their money into a field that is at high risk of crashing in the near rather than far future. This, when coupled with the fact that real estate development is responsible for creating a large number of jobs throughout the country (with the average development creating 1.5 full-time positions and four times that amount throughout the supply chain to support building construction) many businesses are worried about a wide-spread economic failure affecting all of the UK as a whole – not simply the housing industry.