Public sector house building is likely to suffer a
‘sharp’ 10% fall this year and 5% next as a result of government policy
changes. This is the forecast from economists at the Construction Products
Association, the body representing manufacturers and distributors of construction
products in the UK. It said total construction output is expected to rise by
4.9%, and private house building is expected to rise by 9% this year. However,
public house building – carried out by councils and housing associations – is
expected to decrease for the next two years, and remain flat in 2017. Read more
on the CPA website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
1 day ago
