The UK government’s much talked about Housing Development Agency came into being on the first of December. Its stated aim is to make sure that the Home Sales UK market, doesn’t just overcomes the present economic downturn, but also comes as close as possible to, or better still surpasses the government’s own stated aim of adding three million additional Homes to the House Sales UK market within the coming 10 years.

The Housing Development Agency has already noted that there is presently a woeful dearth of House Construction schemes underway at the moment. It also has said that this problem is being exacerbated by the fact that House Buyers themselves are in extremely short supply, and those few that want to buy Homes at the moment are just too afraid to jump.

This dearth of House Buyers has led lots of House Builders to put their active projects into mothballs, and to hold back or indefinitely postpone those projects which haven’t yet started.

Everyone understands that the real medium to long term problem in the House Sales UK market is that there are, in normal times, lots more potential Home Buyers than there are Homes available to buy. That’s why the Housing Development Agency is anxious to create and realise schemes to finance high quality House development schemes all over the country, and at the same time to give people the confidence to Buy Houses again. They’re doing this by granting loans, Joint Venture Capital and Shared Equity schemes designed to assist house builders to stay in business through the present economic downturn, and to continue to produce the quantity and quality Homes that House Buyers are going to desperately want and demand as we come out of the present economic downturn.

Of course, there’s one other problem that’s predicted to afflict the House Sales UK market in the short to medium term, and that is the rising tide of unemployment which is accelerating inexorably just now. This is severely shaking the confidence of just about everyone who wants or needs to Buy Homes. It’s also actually going to see many House Buyers getting into problems with their mortgage repayments, if they’re unlucky enough to lose their jobs, and this could well lead to them losing their House due to repossession.

The new Agency therefore knows that it urgently needs to get to grips with this problem, and come up with a series of solutions that will allow more families to hold on to their Homes through the temporary, but nonetheless extremely tough times to come.

If they can achieve that, they’ll put just enough confidence into the market, which, when added to the direct help they plan for the House Building Sector, should hopefully keep many more Construction and related workers in their jobs, and this will further boost confidence and the House Sales UK market.

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