Property  

Recovery expected as property market nears ‘trough’

It pointed out that, between 2018 and 2028, according to the Office for National Statistics, the number of households in England is projected to grow from 23.2mn to 24.8mn.

This represents an increase of 7.1 per cent and equates to an average of 164,000 additional households a year. 

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Atelier director of portfolio management, Rebecca Nutt, said: “We agree that demand is likely to remain strong.

“In fact, based on our conversations with developers around the country, we would go further and say that there is always demand for the right product.”

The research said it was clear the property market is currently sitting at the bottom of the cycle.

“Market conditions are beginning to recover, and we find ourselves close to the trough, which will be followed by a sustained period of recovering,” it stated.

It also stated that supply constraints in terms of new builds are likely to have a positive impact on pricing.

“History tells us that the bounce back will be significant. Now is the time for SME developers to build up their pipeline,” the report stated.

tom.dunstan@ft.com

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