Number of Houses on the Market falls

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A government survey has shown that the number of new homes being put on the market in the past year has reached a record low.

Just 128,680 properties were available to buy during the last year, with this number set to fall further in 2011.

Stewart Baseley, executive chairman of the Home Builders’ Federation, spoke of how it is vital that new and affordable homes are built to combat the housing crisis.

“These figures reveal the extent of the housing supply problem and the need for real action now – cutting red tape and implementing incentives so we can build the homes the country needs,”

In recent weeks gone the government announced there were slashing housing budget by over 50 per cent, which reduce further the number of new affordable homes