Less new homes are being built
Posted by admin on 13 December, 2009
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This item was filled under [ Property News ]

It also seem that the government hasnt put in any measure to help stimulate the construction industry, as suggested in the pre-budget report.
According to reports there has been 19 percent decline in new homes being built compared to this time last year. With further report of a 5 percent decline in new orders for constructions, it seem the shortage could cause prices to rise due to lack of properties available to meet demands.