{"id":872,"date":"2016-08-26T07:00:53","date_gmt":"2016-08-26T06:00:53","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=872"},"modified":"2023-09-25T17:00:13","modified_gmt":"2023-09-25T16:00:13","slug":"fix-uks-housing-crisis-1-4bn-bricks","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/08\/26\/fix-uks-housing-crisis-1-4bn-bricks\/","title":{"rendered":"How to fix the UK\u2019s housing crisis? With 1.4bn bricks."},"content":{"rendered":"

The shortage in brick supply has been a significant contributing factor for the rise in house prices across the UK over the last decade. With demand continuing to outstrip supply, a recently published report gives insight into the full extent this shortage has on Britain\u2019s housing market.<\/strong><\/p>\n

The country\u2019s construction sector would require a total of 1.4 billion bricks to resolve its housing crisis, the Bricks Report from National Association of Estate Agents (NAEA) in collaboration with the Centre for Economics and Business Research (Cebr) revealed.<\/p>\n

In the ten year since 2006, Britain\u2019s population has been growing exponentially and the country\u2019s housing didn\u2019t manage to keep up with its population growth. Considering that this year, the average home in the UK is made up of 5,180 bricks, fixing the housing shortage of 264,000 homes would require a total of 1.4 billion bricks.<\/strong><\/p>\n

Undoubtedly, house prices<\/a> are influenced by more than only the lack of bricks, the driving factor however is and will remain supply.<\/p>\n

To put this into context, the current deficit in bricks could also build the following:<\/strong><\/p>\n

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