This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

New UK Property Developments Decline, Research Shows

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


United Kingdom  London  Allan Wilen  Glenigan  UK Property Developments  Property Development Finance 

New UK Property Developments Decline, Research Shows

By - Friday 17 June 2011

New research has found that the value of UK residential construction starts was 31 per cent lower in the three months to May than a year previous, highlighting the struggling position of the country's housing recovery.

Private housing project starts were down 32 per cent while social housing projects fell 28 per cent for the reported period.

"The shrinking pool of new social housing work is in stark contrast to the rapid government funded growth seen this time last year, and further retrenchment is expected through the year," said Allan Wilen, economics director at Glenigan.

According to the firm, the north-east and south-east of England suffered 76 per cent and 42 per cent declines respectively for private housing development starts. London, meanwhile, avoided any declines in private housing project starts, reflecting the strength of the wider housing market in the capital.

Mr Wilen added that although house prices and mortgage approvals are expected to remain weak near term, there will be a modest uplift in project starts during the second half of this year as developers open up new sites in anticipation of improved conditions in 2012.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus