The UK housing market is expected to make steady progress throughout 2013 with accelerated growth from 2014 onwards, according to a forecast published today (Tuesday 13 November).
Following a period of restrained growth in 2012, UK housing transactions will hit a million for the first time since 2007 with mortgage lending levels rising to 650,000 new loans, says the report from Jones Lang LaSalle.
But despite the improvement, both will still be over 40% below peak levels and more than 30% below the 1998-2007 ten year trend.
It also says that new development will continue to be constrained, with approximately 115,000 completions being delivered in 2013, which meets only half of England
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