Increased global demand in the construction sector, combined with the multiple and complex impacts of the pandemic and logistic issues, have resulted in unprecedented shortages, delays and ultimately, increased prices of materials and labor across the economy.
Within the UK, complications resulting from Brexit have exacerbated this situation, affecting all aspects of trade and labor availability. The repercussions are acutely impacting the UK construction sector.
The consumer price inflation rate in the United Kingdom rose to 5.1 percent year-on-year in November 2021, from 4.2 percent in the previous month and above market expectations of 4.7 percent.
Property prices rose consistently throughout 2021, with the past three months seeing the fastest house price growth in 15 years.
House prices rose by 3.4% in the quarter to the end of November, which is the highest quarterly rate since late 2006.
UK property industry face higher bills for as we grapple with soaring material costs and shortages of essentials ranging from timber to taps and tiles in a booming housing market.
Only a quarter of the materials used by the construction industry are imported but price increases in some areas are substantial.
Timber has gone up more than 80% in the past six months, while copper and steel prices have jumped by 40%, according to Noble Francis, economics director at the Construction Products Association.
The costs of paints and varnishes are up by nearly a third, while polymers such as polyethylene and polypropylene have risen by 60%.
The production of building materials was severely affected by the original lockdown when many factories and timber mills closed. Since reopening firms have struggled to catch up as pandemic-related restrictions held back production and global demand spiked as economies reopened.
The problems come at a time when the number of new homes being built is at its highest level in a decade.
At Wyldecrest Parks, we were aware of this developing situation. We have been actively working with manufacturers and are trying our best to keep these costs to a minimum.
Being the largest park home operator in the UK means we can offer our customers many benefits like our relationship with Residential Park Home Manufacturers. Based on this, we have locked a range of homes at 2021 prices and these are available for sale at many of our parks across the UK.
We also have homes in production at 2021 prices which will be rolled out based on where our customers would like them.
Homes still available at 2021 prices
Found a home that’s stolen your heart: Please do get in touch with us if you would like to be the first to hear.
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Please register your interest in our parks before we advertise the actual homes for sale. We will get in touch with everything that is coming soon and may potentially become available in a few months.
Park home bungalows are more luxurious than ever & the benefits of staying engaged in a community especially as we age are quite obvious and positively enhance our lives in a multitude of ways.
In fact, the far-reaching effects cannot be quantified or measured but they cannot be missed.
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