Sav­ills pre­dict build­ing boom

Yorkshire Post - Property - - PROPERTY -

THE num­ber of new homes be­ing built in the UK is set to in­crease to 167,000 per year by 2018, ac­cord­ing to Sav­ills.

This is still short of the 240,000 a year re­quired to meet the Govern­ment’s tar­get but it is a 55 per cent rise on last year’s to­tal.

Sav­ills fore­cast that pri­vate sec­tor builders will in­crease pro­duc­tion by eight per cent an­nu­ally be­tween now and March 2018.

The re­search also be­lieves there will be growth in the num­ber of new homes built by or for lo­cal au­thor­i­ties from 1,665 this year to 10,000 in 2018. Hous­ing as­so­ci­a­tions are set to deliver 26,000 new homes in 2014 and 34,000 in 2015, up from 22,000 com­ple­tions in 2013.

www.sav­ills.co.uk

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