Empty properties are surely the answer to housing shortage?
Last week there were reports that, not only did the housing market need more homes to be built in order to meet demand, it was also heading for a generation of renters; young people for whom home ownership would almost certainly never become reality.
And another report warns of an impending influx of young people chasing private rented accommodation which could force young families out of the sector and at worst, into homelessness.Â The Joseph Rowntree Foundation forecasts that approximately 310,000 more young families will be seeking private rented accommodation in 2020 compared with today.
Which once again begs the question, why not bring the 900,000+ empty properties across the UK back into action and give our youngsters a fighting chance?! If we were to reactivate even a small fraction of these homes, then surely this would begin to address the apparent shortage of properties?
The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit http://thehousecrowd.com/thehousecrowd/how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit http://thehousecrowd.com/thehousecrowd/about/our-manifesto/). If youâ€™ve read enough and want to invest now, visit http://thehousecrowd.com/thehousecrowd/invest-in-property/).