United Kingdom Regional Development Land - Quietly Confident for 2015
The Regional Development Land report gives an overview of the residential market and economy in Q4 2014. On the whole 2014 was a good year for the housing market with a pick-up in both sales and prices. The UK economy eased more than expected to 0.5% however expansion is expected to continue in 2015, albeit at a slightly tempered pace.
As the fundamentals of the housing market remain strong we are optimistic for 2015 and expect continued modest and sustainable growth. The UK growth performance has received a boost from lower oil prices which has heightened household spending power by pushing inflation down and moving the expected rate rise further out.
This report looks at how the key land markets are performing around the UK and discusses how they continue to grow steadily with a ripple effect from major cities renewing confidence in secondary locations.