Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Savills Forecasts England to Miss Government Housebuilding Target
Savills is forecasting that new homes completions in England will average 167,500 per year over the five years to 2029/30. This figure falls short of the government’s target of 300,000 homes a year.
According to Savills, England is expected to deliver a total of 837,500 new homes over the five-year period to 2029/30. This projection is broadly in line with the 20-year average for delivery, but still significantly below the government’s stated goal.
This outlook may be relevant for UK letting agents and inventory clerks monitoring housing supply trends and future market conditions.
Source: Landlord Today