The latest Self
Build market report from AMA Research, highlights the strong disconnect between
the number of available sites and where people want to build.
The number of
applications for self build projects in the Home Counties and the South West is
relatively large when compared to the number of available sites.
In areas such as the
Highlands, Northern Ireland and the North East, the number of sites available
are notably higher when compared to the number of applications.
Throughout the UK,
there are significant variations in the level of self build demand and
available plots to facilitate this demand.
The significant
growth in house prices in the UK, has enabled mature self builders to self-fund
their projects through a number of means by using their savings, revenue from
property sales, remortgages or other types of loan.
However, council
planning systems are being viewed as one of the biggest constraints for self
builders for allocation and granting planning permission for small sites.
Over the next 4
years, the future prospects for the self build market remain positive but
relatively modest with self build volumes rising slowly.
AMA's forecasting
takes into consideration key drivers such as lack of consumer confidence due to
the uncertain economy, continuous constraints in the planning process and a
relatively constrained mortgage market.
