According to many in and around the UK housing market, the sector is currently struggling with issues which could be more than just small trouble spots in the future.  The biggest issue now facing the market is how to move forward and provide enough housing for those not just looking for it, but requiring it for some form of shelter.

The ONS or Office for National Statistics has issued a report detailing the cracks in the foundation of the market and how the problems can be rectified or at least dealt with on paper.

A plain piece of data best outlines the issue involving the number of houses in supply for those looking for a place to call home.  From 1969 to 1970, housing completions totaled almost 380,000.  Last year to 2014, the number of housing completions only numbered 141,000.  That is almost a 70% decrease in the amount of new houses coming into the supply chain.

The shortage is not centered in one area; it is spread across the UK.

The issue of supply has been boosted however by the Help to Buy scheme initiated by the government.  Some argue that whilst the scheme did help increase supply, it also affected prices by causing a surge and making prices less affordable.

Beyond housing supply keeping up with demand, the issue of price affordability is having a negative effect on the market as well.  A decade ago, housing prices were fixed at a level on average which were 10 times that of yearly income.  Now, compare that with a 14 times income and a significant difference is realized.

Remortgage as a solution to those looking to move home should be considered more often as a viable option.  Many attractive deals are still available before the base rate is increased in the near future.