Confidence keeps growing

Picture: Carey Tompsett/PA Wire

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AS consumer confidence continues to increase, the UK economic recovery is firmly under way with the national housing market showing signs of strengthening.

Commercial property and real estate services adviser, CBRE, reports a substantial pick-up in demand, with the latest data highlighting that transactions during the first quarter remain high, having reached 1.1m in 2013, the highest annual level since 2007.

Mark Budden, senior development director at CBRE in the south, said: ‘Regional residential land values have increased by over 20 per cent last year.

‘With the improving economic outlook, strong demand and lack of supply for well-located sites, and the roll out of the government’s Help to Buy programme, there is every reason to think that this upwards trend in values will continue throughout 2014.