UK residential forecasts: Find the Gap

The UK economic and political landscape has been dominated by Brexit over the past 2½ years. The next 2½ years are likely to be similar, albeit dealing with a different phase of the process.

nevitably, the UK will collectively refocus attention on domestic policies as the sphere of influence from Brexit diminishes. And there are plenty of housing issues that need addressing – affordability, taxation, regulation in the private rental sector, affordable homes, housing supply, lack of skilled labour and digital construction are just some of the issues to address.

Highlights include:

• Loans to Buy to Let landlords have fallen 46% since the Brexit referendum and July 2018

• The UK is still far behind its target of 300,000 new homes a year by 2020, but delivery is speeding up

• Tech is likely to provide huge disruption over the next 5 years, with digital construction, building information modelling and smart tech all playing a roll

• Central London house prices are forecast to grow at 15.3% over the next 5 years

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