Brick industry booming in positive market

Brick industry booming in positive market

When looking at signs of the health of an industry, news from those industries which supply it is a great indicator. Thus, the figures released recently from the Office of National Statistics that brick deliveries in August 2016 were 8.9% higher than a year previously shows how the recovery in housebuilding continues.

The seasonally adjusted figures, released by the Brick Development Association (BDA) and reported in Show House, also show a month-on-month increase of 5.5% and a year-to-date increase of 1.3% on the same period last year.

Why renting property in the UK should become a first choice

This comes on the back of news that the construction sector has bounced back after an initial post-referendum slump, and figures released by the National House Building Council which show a 20% increase in new home registrations in August 2016.

Chief Executive of the BDA, Keith Aldis, said, “Following the government’s announcement…that a £3 billion Home Building Fund will be introduced, these distribution figures reinforce confidence across our membership. The industry is geared up to respond to changing market dynamics and is equipped to meet immediate demand.”

Meanwhile, data from Barclays Mortgages and the economic consultancy, Cebr, reveals the cost of a brick in the average UK home has risen by 33% in a decade to £47.44 and to £121.08 in London.

UK close to critical property shortage, Rics warns

UK property expert and TV presenter, Sarah Beeny, says, “It is fascinating to see just how valuable each brick that makes up a home works out to be, and how this can change over time. Of course, there are no guarantees on which way house prices will go in the future, it is very much lead by planning law and supply and demand, but this research should go some way in boosting the confidence of homeowners around the country. It really shows that property can be a great investment, and I would encourage people to get on the property ladder as soon as they can, even if this means looking in a new area where those all-important bricks are a little more purse-friendly!”

Raheel Ahmed, Head of Barclays Mortgages says,

We know how important it is for people to be able to buy their own home, and our latest research is a creative way to show how house prices are changing, as reflected by the 33% increase in the average cost of a brick since 2006.”

The research by Barclays also found that the cost of bricks varied significantly between different regions.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT