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What to Expect From the Latest Residential Building Trends in the UK
What is The Current State of Residential Building in the UK?
It is no secret that the United Kingdom is coming out of the midst of a housing crisis. The population is growing and the demand for housing is outstripping the supply. This has led to sky-high prices and a severe lack of affordable housing. However, the government has responded to this crisis by investing billions of pounds into the construction of new homes. In 2021/22 alone, £9.1 billion was spent on new residential building projects. This is an exceptional level of investment, which is having a positive impact on the construction industry. Now, investing in a residential building might be more attainable than you believe!
In 2018, there were almost 250,000 new residential buildings built, which was an increase of 6% on the previous year. The government’s target is to build 300,000 new homes every year by 2025. This increase in construction activity is good news for the economy and it is also creating jobs. There are now over 2 million people employed in the construction industry, which is an increase of 7% since 2017. The government’s investment in housing is starting to pay off and the latest trends suggest that this will continue in the years to come.
Trends to Take Notice of as a Potential or Existing Homeowner
One of the biggest trends in residential building is a move towards more sustainable construction methods and materials. This is being driven by a growing awareness of the impact our buildings have on the environment, as well as a desire to reduce our carbon footprint. This is why you can expect to see more buildings constructed from sustainable materials, such as bamboo and recycled plastic. Furthermore, the government has set a target for all new homes to be zero-carbon by 2050 and this is starting to filter down into the construction industry. As a new home owner, you might need to start considering how your home can be eco-friendly.
Another trend that is becoming increasingly popular is the use of prefabricated or modular construction methods. This approach to construction offers a number of advantages, including reduced construction time and cost, as well as improved sustainability. Prefabricated buildings are also easier to construct in difficult or remote locations. A final trend that we are seeing in residential buildings is a move away from traditional designs and towards more modern, contemporary styles. This is being driven by a desire for more stylish and unique homes, as well as a need for buildings that are better suited to our changing lifestyles. Because of this, you can expect to see more buildings with clean lines and open plan layouts.
Why You Should Consider Investing in a New Home
One of the main goals of the government’s investment in housing is to increase the supply of affordable homes. This goal is being achieved by building more social housing and introducing schemes such as Help to Buy. These initiatives, in turn, help many prospective buyers to actually become first time home owners. Additionally, this leaves more room for home owners to take on construction projects which can improve the value of the residential building. An important indicator to take note of when scouting healthy property investments, is rising property prices. Thankfully for prospective investors, the UK market has seen massive growth over the last two years.
Steadfast Builders in Essex have been around long enough to help you when it comes to the construction industry. Whether you are looking at a fixer-upper, a house renovation or even a new build, Steadfast has you covered. Our extensive industry knowledge and experience allow us to provide you with sound residential building advice.Our building services page can tell you a bit more about the services that we offer. Our specialist building contractors’ team can help bring your dream home or real estate investment to life. Don’t hesitate to get in touch with your friendly Essex residential building experts, Steadfast Builders, today!
Why Choose Steadfast Builders
Not only does our Essex building company offer high-quality building services for every construction work you might need, but we also abide by all health, safety and building regulations. That means that Steadfast builders’ clients can expect all of the construction work to be done with highly safe materials which won’t endanger your or the health of your family members. Safety regulations have a great value for us at Steadfast builders because we appreciate all of our builders and we give our best to protect them from dangers when working. Abiding by building regulations means in practice that every aspect of our work is done according to law, as it should be in a reputable construction company such as Steadfast builders in Essex.
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Since 1991 Steadfast, builders in Essex, have been offering our expertise to customers throughout Essex and surrounding areas. Our customers reap the benefits of our years of experience within the building trade because we are able to provide professional and intricate solutions to all structural and construction work.
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