UK housebuilding drops 6.3% as 1.5m homes target falters

πŸ‡¬πŸ‡§ PropertyWire (GB) —

AI Summary

UK private housebuilding fell 6.3% in the three months to January 2025 according to ONS data, adding pressure on the government's ambition to deliver 1.5 million new homes by 2029. The decline raises serious doubts about the feasibility of the housing target.

Private housebuilding in the UK fell 6.3% in the three months to January 2025, according to ONS data. The decline adds pressure on the government's target to deliver 1.5 million new homes by 2029. The post UK housebuilding drops 6.3% as 1.5m homes target falters appeared first on PropertyWire.

Politics Markets Real Estate UK housebuilding housing target ONS data construction decline UK housing policy real estate market

Read original source →