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05/07/2017

Self and custom build homes market on the rise

Words: Huw Morris
Housebuilding / iStock

The UK’s self and custom build housing market has recorded its third consecutive annual rise, according to new research.

The market is growing at 6.25 per cent year on year, information provider Homebuilding and Renovating has suggested. At its current pace, the sector is estimated to reach 16,500 home completions by 2020.

The three-year forecast indicates an industry growth of 41 per cent, valuing the sector at £6 billion.

The forecast, Homebuilding and Renovating said, reinforces the sector’s strategic role in contributing to government housebuilding targets.

Jason Orme, a contributor to the research, said: “As a result of the market increase and other factors – not least the reluctance of speculative housebuilders to differ their standard offerings – suppliers of products and services are increasingly finding the self and custom build market an interesting opportunity. Without discerning information, both of these stakeholders are likely to miss their key goals in the years to come. We compiled this report to facilitate access to the heart of the industry and contribute to them reaching a new milestone in their growth.”

Details of Self & Custom Build Market Report are available on the Homebuilding and Renovating webiste, priced at £750 + VAT.

Image credit | iStock

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