Builders in Liverpool and elsewhere in the UK may experience a rise in demand for their services in the near future if the government heeds one expert’s advice.
According to Stuart Law, chief executive officer of Assetz, the Conservative-Liberal Democrat alliance should construct more homes on the country’s greenbelts and lower prices of properties in these regions.
Mr. Law explained that such action would “definitely be more helpful” in terms of tackling the growing issue of a lack of accommodation across the nation and greenbelts provide the ideal locations in which to do so.
“The country needs more houses. Somehow we’re going to have to address that problem and building on the greenbelt makes sense,” he noted.
Figures published yesterday (September 28th) by the Bank of England revealed that lending secured on homes rose by £600 million in August.
And Mr. Law believes the administration will not seek to raise property prices, as doing so “would destroy the banking system”.