New housing delivery hits levels last seen when the Berlin Wall came down

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The latest statistics from the Ministry of Housing Communities and Local Govt (MHCLG) show a very buoyant, if not somewhat ironic, set of results for new house building.

The most recent, quarter four 2019 figures reveal that 49,590 homes were completed in the three month period, the most of any quarter since 1989. Margaret Thatcher was still Prime Minister and the BERLIN WALL came down.

The 2019 year finished on 169,020 homes built, the biggest annual figure since 2007.

Co-founder of Properganda and property expert, Russell Quirk, commented:

“At last, the government and the nation’s housebuilders have started to deliver on the rhetoric of the last few years, getting close to achieving something like the numbers that the country needs. Each year since 2012 has seen a steady climb and the latest figures show the biggest increase since the Berlin Wall was toppled.

Unfortunately, having dusted themselves down from the wounds inflicted by Brexit, this upward trend will now surely be interrupted by the current Coronavirus crisis.

That said, we should take solace that once this is also behind us, normal service and building, I’m sure, will resume in earnest.”

 

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