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Regional Development Land; positive momentum for 2016
CBRE Residential’s Q3 Regional Development Land Report looks at the key residential markets and provides insightful commentary on the current economic backdrop predicting a future of continued and sustainable growth.
This quarters’ report shows that the housing market is being supported by a strong economic foundation due to an improving labour market, low inflation and maintenance of record low interest rates.
There have been tentative signs that market activity is increasing due to a rise in mortgage approvals and transactions this quarter. In many regions this has led to price growth. Overall average house prices rose 3.7% in Q3, down from 4.1% in Q2. However there is still wide disparity across the UK.