How the pandemic was an unexpected boost for the North East housing market
Source: Shutterstock/ Trong Nguyen In 2010, just 4,510* new homes were built in the North East. This was a knock-on effect of the 2008 crash when many housing developers abruptly stopped buying land. New homes numbers have risen very slowly since then – reaching 8,870* in 2019, which almost matches the last peak seen in 2007 of 8,920* homes. It is rational to assume that the economic impact of the pandemic and its threat to people’s jobs would have dampened the housing market. Yet quite the opposite has transpired. Why? Well, a number of different factors have married to create the perfec...
Source: propertyweek.com