Housing market forecast: Is the outlook improving?

By Richard Jones2020-03-09T06:00:00

This week’s Budget looks set to help the residential sector with an infrastructure boost and tender prices are predicted to rise

There was economic slowdown worldwide (with a few exceptions such as the US); however, the UK economy was showing more resilience than most.

The sector had experienced accelerated growth in 2019, three times faster than the wider economy, although a weak workload pipeline makes the outlook for 2020/21 a lot more uncertain, with the lowest predicted demand since 2012.

Recovery in the world economy (which obviously has a knock-on effect on the UK) will depend on a number of factors that remain uncertain, including political stability, trade deals, the spread of coronavirus, the investment climate, commodity prices and the continued development of the emerging economies.

This is premium content. Please subscribe for access.

Only logged in subscribers have access to it. Already a subscriber? Login here

Subscribe to Housing Today

Subscribe now

Become a member of Housing Today and gain access to …

NEWS – Follow the sector’s specialist Housing News service
LEARN - Gain access to Housing Today’s Specialist CPD modules
INSIGHT - Analysis of the UK’s growing Housing market
WIN WORK - Special reports and actionable sector intelligence
DATA - Benchmark your business with specialist data and league tables
UNDERSTAND - Read leading edge thought leadership from C-suite sector leaders and experts
ACCESS - extensive Housing Today archive
DISCOUNTS – Special Rates at Housing Today Events
EXPERIENCE - Expertise journalist knowledge

Subscribe now for unlimited access.

Get access to premium content - subscribe today

Register to receive daily newsletters