The Future of UK Housing
UK construction activities are growing again since Brexit. And that's a good news because what it does is supply properties in the next 2-3 years.
Coming back to house prices and actually looking at what's happening there and the future. I'm not talking about today I'm talking about in two years three years and where the market's likely to be. Strong housing market fuels UK construction industry rebound, I'm not sure that's correct okay because you don't go out and build because there's a temporary stamp duty thing, you don't go out and build just because you know things are good now. You need them built, you know them good in about three months time.
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It's a very different market in Scotland, it's a smaller market. There's some fundamental changes namely oil and gas with all the issues there and that I know Aberdeen and a few of those places house prices have dropped considerably. So, it depends on how that's reacted.
Now you'll see the rebound now interesting that 50 there okay on that map its neither growing nor shrinking. So anything below that means it's shrinking and in above 50 means it's growing. As you can see it's growing again for the first time really since Brexit. That's quite good news for us because what that does is that supplies property in the next two, three possibly not four years probably next two or three years maybe some 12 months in the smaller stuff.
So that's good news because if people are number one if funders are willing to give them money and people developers are willing to invest that is good for the market. Those guys are pretty astute they do a lot of research i know because you know I hang around a lot of these guys I speak to them you know I'm constantly questioning about the market and that sort of thing so I generally feed off them and a lot of the stuff that you hear is conversations that I've had with them you know really getting in the nitty-gritty with them.
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Coming back to house prices and actually looking at what's happening there and the future. I'm not talking about today I'm talking about in two years three years and where the market's likely to be. Strong housing market fuels UK construction industry rebound, I'm not sure that's correct okay because you don't go out and build because there's a temporary stamp duty thing, you don't go out and build just because you know things are good now. You need them built, you know them good in about three months time. Now you'll see the rebound now interesting that 50 there okay on that map its neither growing nor shrinking. So anything below that means it's shrinking and in above 50 means it's growing. As you can see it's growing again for the first time really since Brexit. That's quite good news for us because what that does is that supplies property in the next two, three possibly not four years probably next two or three years maybe some 12 months in the smaller stuff. So that's good news because if people are number one if funders are willing to give them money and people developers are willing to invest that is good for the market. Those guys are pretty astute they do a lot of research i know because you know I hang around a lot of these guys I speak to them you know I'm constantly questioning about the market and that sort of thing so I generally feed off them and a lot of the stuff that you hear is conversations that I've had with them you know really getting in the nitty-gritty with them.
