While political uncertainty continues to impact the UK housing market as a whole, regional variations are emerging across the country.
According to the June 2017 RICS UK Residential Market Survey, prime property prices in London are being negatively impacted. However, regions including the West Midlands and the North West are experiencing continued growth.
While we continue to see a range of housebuilding activity in the capital, given the current uncertain environment and the cyclical nature of the industry, we are not surprised that house price growth is slowing for the time being.
Areas such as the West Midlands and North West are continuing to grow. Both regions have undergone a massive transformation over the past decade and remain a popular location with professionals, students and investors.
We believe SME housebuilders have a crucial role to play in boosting housing stock. Often based in the region in which they operate, their local knowledge and expertise means they are well placed to build the right type of properties in the right locations, providing housing that better meets the needs of residents.
Specialist banks have an important role to play in supporting SME housebuilders and helping to ensure they have the financing they need to build for the future.
Find out more about our Property Finance team.
Managing Director of Property Finance
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