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UK housing market set for surge in deals as firms boost land bank

UK housing market set for surge in deals as firms boost land bank

Posted on February 26, 2024   |  

More deals are expected in the UK housing sector this year as homebuilders seek to expand their land holdings in anticipation of a market recovery.

British homebuilders faced challenges in 2023 due to declining demand caused by high mortgage rates and ongoing cost-of-living issues.

Despite recent stability in home prices and mortgage rates, share prices remain below their record levels from 2020, presenting opportunities for deals in the sector.

Barratt, the UK's largest housebuilder, recently acquired Redrow to enhance its presence in south-central England and offer Victorian-style 'heritage' homes.

The UK housing index has seen a significant decline in value over the past three years, reaching the end of 2023.

Homebuilders are actively searching for opportunities in the market to capitalize on current conditions and expand their land holdings.



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