Demand for new homes in the UK has fallen to its lowest level since 2013
In the UK, there was an 8% drop in demand from buyers for new homes. This decline has not been observed in the country for six years. The indicator, which estimates consumer demand, fell to 2.9 points. Last year it was 3.1 points. The maximum possible value of the indicator is 5 points. Analysts believe that the indicator will continue to fall. Builders note that Brexit has a negative impact on demand dynamics. Potential buyers do not know what will happen in the country after leaving the EU. In this regard, they refuse to make large purchases. The head of the British Federation of Master Builders Brian Berry expressed hope that after the country leaves the European Union, the demand for new homes will start to grow again. If the situation develops in a different scenario and the British economy is in serious decline, then the British government needs to take measures to support the builders. Otherwise, many small construction companies may just walk away.