Regional Development Land; a year of continued improvement
The Regional Development Land report investigates how our key land markets have performed in Q1 2015.
The current economic backdrop remains favourable for the housing market. An improving labour market and low inflation and interest rate environment show we are likely to have a year of continued improvement.
Although the market has reached a plateau this quarter we expect a spring bounce back due to a strong labour market, a fall in oil prices and an increase in consumer confidence. We therefore remain optimistic for continued modest and sustainable growth in 2015.