Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Brexit fears causing house-building 'turbulence'

  • Comment

Investor confidence remains low due to a lack of clarity around Brexit which is causing a negative effect on the UK housebuilding sector, according to the chief executive of the British Property Federation.

Melanie Leech said that the latest construction statistics showed the sector is currently witnessing some “short-term turbulence”, which was connected to a feeling of economic uncertainty.

“The key policy issue for this part of the market is clearly Brexit and the impact that is having on investor confidence and our customers,” Ms Leech said. “Confidence is everything in this part of the market.”

Speaking at the MIPIM conference in London last week, which LGC was told hosted a diminished number of attendees this year, Ms Leech said there would be a “healthy future ahead” in the long-term.

Ms Leech said that the sector had witnessed a “good year by recent standards” for 2017-18 as housing completions reached almost two-thirds of the government’s target of 300,000.

The biggest growth (8.7%) came in the build-to-rent sector. Mr Leech said this was a good sign as Britain is a “nation of renters” and build-to-rent was “bringing new long-term investors into housing and also a new offer for renters in the UK.”


  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.