The UK residential development market and the easing of lockdown

Savills have recently published research into how the UK residential market has responded to the easing of lockdown.

They estimate that construction capacity in England is at c65%, a vast improvement on April, and that there is a real divergence across the UK.

85% of sites in England have reopened whilst the position in Wales is 71%. Scotland, however, has only opened 12% of its sites, although the position continues to improve.

It is interesting to see how the different policies of England, Wales and Scotland have led to a significant difference in the speed at which the house building market recovers.

The reopening of housebuilding sites has lagged other sectors. However, in England most (85%) of suspended housing development sites have reopened, according to our analysis of Glenigan data. 71% have reopened in Wales, and just 12% of sites in Scotland have reopened at 23rd June, but as Scotland now enters the second phase of coming out of lockdown, more sites will reopen

https://www.savills.co.uk/research_articles/229130/301708-0?utm_term=5267312&utm_content=7858538