Housing Market Is Playing ‘A Major Part In Building And Sustaining An Economic Recovery’

The important contribution that the housing market makes to the UK economy should not be underestimated. While there is no single source of data providing comprehensive information about the total economic impact of a housing transaction, fresh analysis from Knight Frank, produced in partnership with the Home Builders Federation (HBF), attempts to quantify that figure. It shows that for every resales housing transaction that takes place the economy benefits by around £9,559 on average. Scaling that figure up means that for every 100,000 housing transactions, there is a net impact of almost £1bn. In addition, more than 11,500 jobs are supported either directly or indirectly by these transactions. Read more on the Property Industry Eye website.

https://propertyindustryeye.com/the-housing-market-is-playing-a-major-part-in-building-and-sustaining-an-economic-recovery/