Between 2021 and 2022, Barratt Developments was the company with the largest housing turnover in the United Kingdom. Taylor Wimpey was the second company in the ranking, with a housebuilding revenue of *** billion British pounds. In fourth place, Bellway generated a revenue of *** billion British pounds in 2022. However, that only refers to the turnover that those companies generated from housing activities. What is the outlook for the UK's home construction market? Although housing construction was expected to stagnate in 2024, over the coming years the number of homes built is expected to rise at a quick pace. The projected growth of housing starts in the UK is anticipated to be **** percent higher in 2028 than in 2024. A rise in construction starts would be a good sign for the market, as there is a high demand for housing which, along with other factors, has fostered increasingly higher house prices in the UK during the past years. Who are the leading home builders in the U.S.? The market size of the home building industry in the United States is even bigger than in the UK. In 2023, Miami-based Lennar Corp. and the Texas-based D.R. Horton were the largest homebuilders in the U.S. with a revenue of over ** billion U.S. dollars. Other builders, such as PulteGroup, Toll Brothers, and NVR were also prominent players in the residential construction industry, with much higher revenue figures than their UK counterparts. The value of new residential construction in the U.S. rose significantly from 2019 to 2022 despite the COVID-19 pandemic, reaching about *** billion U.S. dollars. However, the market is expected to decrease until 2025, which could impact the revenues of these home builders.

Private companies were responsible for most of the new homes built in the United Kingdom (UK), amounting to ******* units in 2024. Housing completions in the UK decreased for three years in a row between 2007 and 2010. This was followed by several years of fluctuation and a gradual increase from 2013 to 2019. The number of homes completed in England remained relatively stable in 2022 and 2023, after reaching a low point in the second quarter of 2020 due to the restrictions implemented to prevent the spread of COVID-19. Construction starts and completions Comparing the number of starts and completions in London side-by-side shows that whenever there is a significant growth or fall in the number of projects started, that peak or valley tends to be reflected in the number of buildings completed a couple of years later. Nevertheless, disruptions, delays, and other obstacles may affect that correlation. Still, observing how many home construction projects started in the UK can provide some insight into the level of activity that construction companies may have in the near future. Given that the number of housing starts is forecast to fall in 2024, there might be slightly less work to be carried out the following year. Nevertheless, housing starts are expected to pick up again by 2025 and 2026. Housing associations in the UK Housing associations are not-for-profit organizations created to develop and rent homes for a lower price than in the private market. They have acquired certain relevance in the UK, although this type of organization also exists in other countries. On several occasions during the past decade, over a fifth of housing starts in London were developed by housing associations. Meanwhile, the number of new homes completed in Scotland by housing associations has increased a lot throughout the years, with several thousand units constructed every year during the past decades.

Starts and completions of new build dwellings in the UK, on a quarterly and annual basis, time series data

Several of the largest new residential construction projects in the United Kingdom with a construction start date in 2025 were found in London. The Planned Investment and Major Works Programme in London was valued at **** billion British pounds. The housing construction market in London London is one of the best-known cities in the world. It is an important financial and economic centre, accounting for the highest share of GDP out of all the regions in the UK. It is also home to the West-End and the British Museum, and it boasts a vibrant cultural life. The economic importance and popularity of the city are some of the factors fostering a high demand for housing construction in London. In addition to the ****** housing starts in London in 2023/24, there was also a similar volume of housing completions. In comparison, the number of private housing starts in the UK as was estimated to be ******* in 2024. House repairs in the UK Housing repair and maintenance was one of the segments with the highest market shares in the UK construction industry. Meanwhile, new private housing construction represented ** percent of the construction market in the country in 2024. The revenue of housing repair and maintenance in Great Britain has been increasing at a fast pace in the past years.

******************** led the rankings in terms of the largest construction company by market capitalization in the United Kingdom as of October 11, 2024. The residential property development company reached a market capitalization of nearly **** billion U.S. dollars. Other notable companies in the sector were Taylor Wimpey and Persimmon, with market caps amounting to **** billion and *** billion U.S. dollars, respectively.

Repair and maintenance of private homes was the segment of residential construction with the highest annual growth rate in 2023. Meanwhile, new private and public housing construction increased by over five percent that year.

SEGRO was the leading real estate company in the United Kingdom (UK) as of October 15, 2024, with a market capitalization amounting to ***** billion U.S. dollars. The Berkeley Group and Land Securities Group followed, with market caps of **** and **** billion U.S. dollars, respectively.

The expansion of speech and voice recognition software developers has been supported by enterprise software licensing and the proliferation of AI-powered consumer applications. With major developers like Nuance Communications (now a subsidiary of Microsoft) and innovative start-ups like PolyAI securing large-scale, multi-site contracts across various sectors, including automotive, hospitality and healthcare, the industry has demonstrated both versatility and scalability. The integration of speech technology into everyday devices, spanning from smartphones to wearable technology, has embedded voice controls into the fabric of modern life, raising consumer expectations and driving continuous product innovation. Over the five years through 2025-26, industry revenue is expected to jump at a compound annual rate of 2%, including a 2.7% hike in 2025-26 to reach £1.3 billion. A positive performance has been marked by a dramatic uptick in software adoption, largely fuelled by rising smartphone penetration, advancements in natural language processing (NLP) and the burgeoning remote-work culture. Sales of cloud-based, AI-enabled speech recognition, including Nuance’s Dragon Medical One have soared as hybrid and remote working has become a permanent fixture and the NHS rolled out enterprise-wide digital solutions. While everyday voice interactions have been normalised by the proliferation of Apple’s Siri, Google Assistant and Amazon Alexa, the bundling of voice tech with hardware has obscured direct revenue attribution for software developers. Despite greater competition from global tech giants and price compression due to commoditisation, local developers have remained competitive through customisation and niche enterprise solutions. The industry’s continued growth is expected to be underpinned by ongoing advancements in deep learning, edge AI and vertical integration from tech behemoths. Industry revenue is forecast to climb at a compound annual rate of 5.6% over the five years through 2030-31 to reach £1.8 billion. The introduction of generative AI, multimodal dialogue and improved on-device processing through custom silicon (as seen in Apple’s and Amazon’s device updates) will continue to raise the standard for accuracy, multilingual support and privacy compliance. While barriers to entry may climb due to vertical integration and ecosystem lock-in by global tech giants, there’ll remain lucrative opportunities for UK developers focused on interoperability, regulated environments or highly bespoke solutions. However, persistent talent shortages and the recent hike in corporation tax pose real threats to innovation and profit expansion, which may temper, though not derail, the industry’s rapid pace of evolution. Smart utilisation of research and development tax relief and strategic investment in upskilling and international recruitment will be crucial for sustaining momentum and industry competitiveness.

Construction companies and property developers require demolition contractors to demolish or dismantle obsolete structures during the pre-construction development phase, through either a total/selective demolition process or sustainable repurposing methods like retrofitting. The Demolition industry’s performance runs in tandem with cyclical fluctuations endured by different construction markets, particularly the residential and commercial markets. Persistent inflation, though lower than its peak of 11.1% in October 2022, has shattered business confidence since 2021-22, discouraging new capital investment and weighing on revenue. In 2021-22, revenue experienced a strong recovery from its pandemic-induced shock. Still, the Russia-Ukraine conflict curbed this recovery as supply chain disruptions emerged, worsened in 2025-26 as President Trump announced a wave of tariff policies that promoted economic uncertainty. Demolition companies have experienced mixed fortunes as investors have been hesitant to spend big on new construction projects, though there’s been some respite from the resilience of infrastructure construction, with initiatives like the New Hospital Programme offering a steady stream of work. Despite fluctuating revenue, profit has trended upwards over the past five years due to these lucrative contract opportunities in infrastructure construction. At the same time, housebuilding policies like the Affordable Homes Programme and the government’s 1.5 million new home target have supported revenue from the residential construction market. Decommissioning projects set out by the UK’s Nuclear Decommissioning Authority have also helped provide an alternative revenue stream through the demolition and decommissioning of obsolete nuclear power plants. Overall, revenue is expected to climb at a compound annual rate of 4.7% over the five years through 2025-26, primarily due to a strong post-pandemic recovery. In 2025-26, revenue is expected to fall by 1.8% to £1.3 billion amid ongoing economic uncertainty. Revenue is slated to swell at a compound annual rate of 2.9% over the five years through 2030-31, reaching £1.5 billion. Supportive supply-side policies will continue to support residential construction output as the Social and Affordable Homes Programme takes effect in 2026 and the ongoing target to build 1.5 million new homes remains in place. Commercial output should inch up as business confidence rises and infrastructure construction will see a boost from the government’s 10 Year Infrastructure Strategy. The Building Cost Information Service forecasts that these policies will aid an 18% spike in construction output over the four years through 2029-30, supporting revenue growth for demolition contractors. The ongoing commitment to nuclear decommissioning will also provide a valuable revenue stream, presenting both demolition and decommissioning opportunities.

An assessment of the design quality of 93 new housing schemes in the North East, North West and Yorkshire & Humber. The assessment was carried out in 2005. The assessment is based on the Building for Life criteria. For each of the three Government Office regions, the top 10 house builders by volume were selected. For each top 10 house builder all schemes were completed between January 2002 and January 2005 and above 20 units. All developments were within an average house price bracket. Data for each housing scheme includes scheme name/address, local authority, housebuilder, number of units, context (urban, suburban etc), site type (greenfield/brownfield), scores for individual Building for Life criteria and total scores.

A dataset featuring over 500,000 large-scale planning applications across England, Wales, Scotland, and Northern Ireland, with postcode-level precision, enriched by 6 million small applications, 280,000 deprivation indices, and 16 million property transactions. Enables linking planning data to property values, socioeconomic context, and trend-detection via Doorda AI.

The UK residential real estate market, valued at £360.27 million in 2025, is projected to experience robust growth, driven by several key factors. A consistently strong CAGR of 5.75% indicates a healthy and expanding market over the forecast period (2025-2033). This growth is fueled by increasing urbanization, a growing population, and a persistent demand for housing, particularly in major cities like London. Furthermore, government initiatives aimed at boosting homeownership and infrastructure development contribute positively to market expansion. The market is segmented by property type, with apartments and condominiums, and landed houses and villas representing significant segments. Key players such as Bellway PLC, Barratt Developments PLC, and Berkeley Group dominate the market, while a competitive landscape also includes numerous smaller developers and housing associations. While rising interest rates and construction costs present challenges, the overall outlook remains positive due to the enduring demand and limited housing supply, particularly in desirable areas. However, several factors could influence the market's trajectory. Fluctuations in the national economy, changes in government regulations concerning mortgages and property taxation, and global economic uncertainty could impact buyer confidence and investment. Regional variations also exist, with market dynamics differing across England, Scotland, Wales, and Northern Ireland. Understanding these regional nuances is crucial for targeted investment strategies. The market's resilience will depend on the ability of developers to adapt to changing market conditions and meet evolving consumer preferences for sustainable and energy-efficient housing. The continuous evolution of consumer preferences towards specific types of housing and location preferences will further shape the market's future growth. Recent developments include: May 2023: A UAE-based investment manager, Rasmala Investment Bank, has launched a USD 2bn ( €1.8bn) UK multifamily strategy for a five-year period to build a USD 2bn portfolio of UK residential properties. The strategy is focused on the UK market for multifamily properties through a Shariah-compliant investment vehicle, initially targeting the serviced apartment (SAP) and BTR (build-to-rent) subsectors within and around London. Seeded by Rasmala Group, the strategy is backed by an active investment pipeline for the next 12 – 18 months., November 2022: ValuStrat, a Middle East consulting company, increased its foothold in the UK by acquiring an interest in Capital Value Surveyors, a real estate advisory services company with offices in London. The UK continues to be one of the most established real estate markets worldwide and attracts foreign investors regularly. They are excited to expand their presence there to better serve all of their clients, both in the UK and the Middle East.. Key drivers for this market are: Demand for New Dwellings Units, Government Initiatives are driving the market. Potential restraints include: Demand for New Dwellings Units, Government Initiatives are driving the market. Notable trends are: Increasing in the United Kingdom House Prices.

The European residential construction market, valued at €1.08 billion in 2025, is projected to experience robust growth, driven by factors such as increasing urbanization, rising disposable incomes in several key European nations, and supportive government policies aimed at stimulating housing development. The market's Compound Annual Growth Rate (CAGR) of 5.67% from 2025 to 2033 signifies a considerable expansion, indicating a significant opportunity for construction companies and related businesses. Growth is expected to be particularly strong in countries experiencing population growth and housing shortages, such as the United Kingdom, Germany, and France. The market is segmented by property type (single-family and multi-family) and construction type (new construction and renovation). The new construction segment is expected to dominate, propelled by increasing demand for new homes, while the renovation segment will see steady growth driven by the need to upgrade existing housing stock to meet modern standards and improve energy efficiency. Key players such as Vistry Group, Bellway plc, and Barratt Developments plc are expected to remain significant market forces, leveraging their expertise and established market presence to benefit from this growth. However, challenges such as rising material costs, labor shortages, and stringent environmental regulations pose potential restraints, impacting profitability and project timelines. The fragmented nature of the market across various European countries presents both opportunities and challenges. While some nations will experience faster growth due to specific economic factors and supportive policies, others may lag behind. Therefore, companies operating in this market need a nuanced understanding of country-specific dynamics to achieve success. The long-term outlook for the European residential construction market remains positive, although it is subject to potential macroeconomic fluctuations. The consistent demand for housing, driven by population growth and changing lifestyles, will continue to support market expansion, while the incorporation of sustainable building practices and technological advancements will shape the future of the sector. Further expansion into the renovation segment provides ample opportunities to tap into existing housing stock with sustainable retrofitting projects, bolstering market growth through both new builds and increased housing value. This in-depth report provides a comprehensive analysis of the Europe residential construction market, covering the period from 2019 to 2033. With a focus on key market trends, growth drivers, and challenges, this report offers invaluable insights for investors, builders, developers, and industry stakeholders. The report utilizes data from the historical period (2019-2024), the base year (2025), and projects the market’s trajectory through the forecast period (2025-2033), with an estimated year of 2025. It examines market dynamics across various segments, including single-family and multi-family property types, new construction and renovation projects, and provides granular insights into key European countries and regions. The report’s detailed analysis of market concentration, M&A activity, and regulatory impacts provides a 360° view of this dynamic sector. Recent developments include: April 2023: Apollo Global Management Inc. agreed to buy part of a portfolio of apartments from Vonovia SEfor €1 billion ($1.1 billion), with the largest German residential deal in months suggesting confidence is returning to the under-pressure sector. The private equity firm will acquire a minority stake in 21,000 homes in the German state of Baden-Wuerttemberg at a discount of about 5% to the portfolio’s year-end valuation., October 2023: The new housing association, Sovereign Network Group (SNG), announced its formation yesterday following a tie-up between 61,000-home Sovereign and Network Homes, which managed 21,000 properties. The new organisation will be a member of the G15 group of London’s largest landlords, and will manage more than 82,000 homes with 210,000 customers across London, Hertfordshire and the South of England.. Key drivers for this market are: Demand for New Dwellings Units, Government Initiatives are driving the market. Potential restraints include: Supply Chain Disruptions, Lack of Skilled Labour. Notable trends are: Increasing in Investments in Multifamily Residential Construction.

The UK prefabricated buildings market, valued at approximately £7.38 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 6.17% from 2025 to 2033. This growth is fueled by several key drivers. Increasing demand for faster construction timelines, particularly within the residential sector, is a significant factor. Prefabrication's inherent efficiency in reducing on-site construction time and labor costs is highly attractive to developers facing labor shortages and pressure to deliver projects quickly. Furthermore, the rising emphasis on sustainable construction practices is boosting the adoption of prefabricated buildings, as they often involve less waste and offer greater material efficiency compared to traditional methods. Government initiatives promoting sustainable housing and infrastructure development are further accelerating market expansion. The market is segmented by material type (concrete, glass, metal, timber, and others) and application (residential, commercial, and others), with the residential segment currently dominating, driven by high demand for affordable and efficiently built housing. While material costs and supply chain disruptions represent potential restraints, the overall outlook remains positive due to the long-term benefits offered by prefabrication. The competitive landscape is characterized by a mix of large national construction companies like Barratt Developments, Persimmon Homes, and Balfour Beatty, alongside smaller, specialized prefabricated building manufacturers. The presence of both large and small players suggests opportunities for both established companies leveraging existing infrastructure and smaller firms specializing in niche areas or innovative building techniques. Geographic growth will likely be concentrated in urban areas and regions with high housing demand, with potential for future expansion into rural areas as prefabrication technologies continue to improve and become more cost-effective for diverse applications. The market’s steady growth trajectory makes it attractive for both investors and companies seeking opportunities within the construction and housing sectors, particularly given the ongoing challenges associated with traditional construction methods. Recent developments include: August 2023: UK offsite company Premier Modular has received new investment from London-headquartered private equity firm MML Capital Partners., December 2022: Modulaire Group, a European specialist provider of modular services and infrastructure, announced the acquisition of Mobile Mini UK, a provider of storage containers and site accommodations. WillScot Mobile Mini Holdings Corp's subsidiary has 16 locations across the UK and supplies steel storage and accommodation units to a variety of industries, including construction, retail, manufacturing, healthcare, and education.. Key drivers for this market are: Growing Infrastructure Investments, Government Initiatives in the Infrastructure and Construction Sector to Boost the Industry. Potential restraints include: Growing Infrastructure Investments, Government Initiatives in the Infrastructure and Construction Sector to Boost the Industry. Notable trends are: Need for Precast Concrete Technology Driving the Market.

An assessment of the design quality of 100 new housing schemes in London, the South East and the East of England. The assessment was carried out in 2004. The assessment is based on the Building for Life criteria. For each of the three Government Office regions, the top 10 house builders by volume were selected (based on most recent available data). For each top 10 house builder all schemes were completed between 1 Jan 2001 and 1 Jan 2004, over 20 units in size and of ‘Average’ Sales price. The attainable scores for each housing scheme varied from -48 (a ‘Poor’ standard scheme) to +48 (a ‘Very Good’ standard scheme). Each of the 16 audit criteria could receive a score of +3 to -3, which were added together to make up the total. Data for each housing scheme includes the housing scheme name, completion date, scores for individual criteria and total scores.

The UK commercial real estate market, valued at approximately £149.67 billion in 2025, is projected to experience steady growth, driven by factors such as increasing urbanization, robust economic activity in key sectors, and ongoing investment in infrastructure projects. The market's Compound Annual Growth Rate (CAGR) of 4.31% from 2025 to 2033 indicates a positive outlook, although growth may fluctuate depending on macroeconomic conditions and interest rate changes. The office sector, while facing challenges from remote work trends, remains a significant segment, particularly in major cities like London. The retail sector is undergoing transformation, with a shift towards experience-led retail and e-commerce fulfillment centers driving demand. The industrial and logistics sector continues to thrive, fueled by the growth of e-commerce and supply chain optimization. The hospitality sector’s recovery post-pandemic is expected to contribute to market growth, although uncertainties remain. Investment is likely to focus on sustainable and technologically advanced properties, aligning with broader ESG (Environmental, Social, and Governance) considerations. Within the UK, regional variations are expected. London and other major cities will continue to attract significant investment, while regional markets will demonstrate varying levels of growth depending on local economic conditions and infrastructure developments. Competition among established players like Hammerson, Land Securities Group PLC, and British Land, alongside emerging players, will likely intensify. The sector is also subject to regulatory changes and external factors like inflation and geopolitical events, which will influence investment decisions and overall market performance. Technological advancements, such as proptech solutions and data analytics, will further reshape the industry's landscape, impacting operations, asset management, and tenant relationships. This evolving market presents both opportunities and challenges for investors, developers, and businesses operating within the UK commercial real estate sector. Recent developments include: October 2023: British Land received a resolution to grant planning permission for an approximately 140,000 sq. ft multi-level last-mile logistics scheme on Mandela Way, Southwark. This project represents the latest addition to British Land’s 2.9 million sq. ft pipeline. Situated near the junction of New Kent Road, Old Kent Road, and Tower Bridge Road, the site will serve as a last-mile logistics hub for Southwark and central London., July 2023: British Land and Landsec formulated a comprehensive set of recommendations aimed at regenerating UK towns and cities. Their goal is to stimulate more growth, create additional homes, and generate more job opportunities by enhancing how the planning system supports brownfield regeneration. As major players behind some of Britain’s most significant regeneration projects, including Landsec’s 24-acre Mayfield neighborhood in central Manchester and British Land and AustralianSuper’s 53-acre Canada Water development in London, these property companies bring extensive experience in large-scale, complex urban developments. The insights gained from such projects have been applied and refined in their latest paper.. Key drivers for this market are: Growth in the Country's Logistics Sector and Warehouse Space, Increasing Demand for Co-working Office Spaces; Increasing Infrastructure Investments. Potential restraints include: Rising Costs affecting the market. Notable trends are: Office Segment Showing Significant Growth in the Market.

Our interactive dashboard illustrates results and historical trends.

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