Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

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

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

10Feb94 UK: RESEARCH CHALLENGES HOUSING RECOVERY.

New research has challenged the widespread assumption that London and the South-East will lead a housing market recovery.The analysis by consultant First Europe, published by the Shelter magazine ROOF Briefing, says the market in southern England will remain in the doldrums, while the North and Wales are set for improvement.And it says that regional disparities, which are hitting the important southern markets hardest, mean there is unlikely to be a uniform national recovery as predicted elsewhere.Other forecasters have predicted house price increases of up to 10 per cent this year, but the report says 1994 is likely to prove another false dawn.The research draws on county-by-county figures for prices and sales, but also uses statistics on unemployment, negative equity, repossessions and numbers of subsequent buyers who can afford to trade up to a bigger home. CONSTRUCTION NEWS