After the real estate market boom is waiting for the UK construction sector

The real estate market in the UK and especially the London property market is experiencing an unprecedented revival at the present time. The main problem that concerns all participants of the market of real estate of Albion – whether the construction industry in the UK to cope with the increased demand for residential apartments and houses? The answer to this question depends on seeing London in the following year, the price “bubble” in the housing market, or the number of newly supplied property on the market can satisfy, at least in part, the insatiable appetite of foreign investors and local buyers?

And now comes definitely encouraging data. The number of new registered properties in the UK, which should reach the market increased by 30% in the period from September to November 2013 compared to the same period in 2012. Not surprisingly, huge cash flow, which are both private investors and public funds, poured into the residential construction industry in the UK.

According to the latest data provided by the National Construction Department in the UK, 34356 new homes were registered in the period September to November 2013, a third more than 26420 same period in 2012.

According to the leader of the insurance and guarantee of the construction market in the UK, Bank HSBC monthly statistics on emerging construction sites, clearly indicates an improvement in the construction industry of the United Kingdom. The figures, which shows now the construction market in the UK incomparable with those numbers that was in a period of protracted financial crisis, starting in 2008. The past year 2013, brought confidence and optimism in the residential sector of UK, which immediately affected the UK construction industry as a whole and allows us to look ahead with optimism to all market participants.

® Maxim Savitsky. 05.01.2014