Private Housing

摘要

As a result of the economic downturn, the private housing sector fell extremely sharply with housing starts falling to historic lows. However the first half of 2009 has seen an increase in housing starts from these lows. Although the increases in starts are expected to continue, they are not likely to be enough to prevent 2009 from seeing the lowest number of private housing starts since 1924. Yet the recent increases in starts provide cautious optimism for the sector With economic recovery anticipated, combined with a chronic shortage of housing, especially within Greater London and the South East, the first half of 2009 could be seen as a turning point.rnFrom this year's expected 80,000 private housing starts, double-digit rises are anticipated as the sector begins its road to recovery. However; despite four years of high percentage growth, starts in 2013 are still expected to be lower than during 2007.