民間住宅建設の英国市場：2020-2024年

当レポートでは、英国における民間住宅建設市場について調査し、市場の概要、動向、市場へ影響を及ぼす要因、地域別の動向、主要ディベロッパーなどについて分析しています。

目次

第1章 イントロダクション

• 調査範囲
• 情報ソース

第2章 サマリー

• 市場規模・動向

第3章 民間住宅建設市場：英国のレビュー

• 市場規模および最近の動向
• 全体的な市場の影響（COVID-19パンデミック以外の影響）
  • 経済的、社会的および人口統計学的要因
  • 手頃な価格
  • 印紙税の軽減
  • 新築住宅価格の動向
  • 土地の利用可能性と計画の問題
  • オンサイト取引と専門家の不足
• 民間住宅建設：住居タイプ別
• オフサイトの建設方法での取り込み

第4章 住宅建設：地域別

• 概要と定義
• グレーターロンドン
  • 市場サマリー
  • 主要ディベロッパー
• イングランド南東部と東部
• 中央部
• イングランド北部
• 南西部＆ハンプシャー地方およびウェールズ
• スコットランド

第5章 ディベロッパー

• 定義と市場構造
• 民間住宅建設の大規模ディベロッパー
  • 概要
  • 民間部門の主要な住宅建設企業15社のレビュー
• ソーシャルハウジング/アフォーダブルハウジングのプロバイダー（PRP）

TABLES AND CHARTS

• CHART 1: GB PRIVATE RESIDENTIAL CONSTRUCTION - COMPLETIONS AND CONTRACTORS' OUTPUT (£BN NON-SEASONALLY ADJUSTED) 2015 TO 2019 AND FORECASTS TO 2022 11
• CHART 2: GB PRIVATE RESIDENTIAL CONSTRUCTION - COMPLETIONS AND CONTRACTORS' OUTPUT (£BN NON-SEASONALLY ADJUSTED) 2015 TO 2019 AND FORECASTS TO 2022 13
• CHART 3: RESIDENTIAL CONSTRUCTION - TRENDS IN CONTRACT AWARDS BY VALUES AND BY NUMBERS OF PROJECTS JAN 2019 - JULY 2020 14
• CHART 4: RESIDENTIAL CONSTRUCTION - TRENDS IN CONTRACT AWARDS BY VALUES AND BY NUMBERS OF PROJECTS JAN 2019 - JULY 2020 15
• TABLE 5: HOUSEHOLD SIZE ESTIMATES ENGLAND ('000S) 2014 - 2039 16
• CHART 6: AVERAGE MORTGAGE INTEREST RATES MARCH 2015 - MARCH 2020 17
• CHART 7: HELP TO BUY LEGAL COMPLETIONS AND AS % OF TOTAL COMPLETIONS IN ENGLAND 2015-2019 18
• CHART 8: AVERAGE HOUSE PRICES AND STAMP DUTY PAYABLE AT JUNE 2020 21
• CHART 9: NEWBUILD AVERAGE PRICE TRENDS BY REGION MARCH 2015 -MARCH 2020 22
• CHART 10: FEDERATION OF MASTER BUILDERS STATE OF TRADE SURVEY Q1 2020 % OF RESPONDENTS REPORTING SKILLED TRADES IN SHORT SUPPLY 24
• CHART 11: UK ALL NEW HOUSING COMPLETIONS - MIX BY TYPE OF DWELLING 2019 25
• CHART 12: ENGLAND NEW PRIVATE HOUSES - TOTAL NUMBER OF COMPLETIONS BY DWELLING SIZES (NUMBERS OF BEDROOMS) 26
• CHART 13: UK ENGLAND NEW PRIVATE FLATS - TOTAL NUMBER OF COMPLETIONS BY DWELLING SIZES (NUMBERS OF BEDROOMS) 26
• CHART 14: ENGLAND - PRIVATE APARTMENT COMPLETIONS AS % OF TOTAL PRIVATE COMPLETIONS BY REGION 2014/15 -2018/19 27
• TABLE 15: RECENT ENTRANTS TO THE OFFSITE HOUSING MARKET 29
• CHART 16: PRIVATE RESIDENTIAL CONSTRUCTION COMPLETIONS BY REGION 2018 AND 2019 31
• CHART 17: GREATER LONDON PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS OUTPUT (£M) 2015-2019 32
• CHART 18: LONDON - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 33
• TABLE 19: LEADING PRIVATE RESIDENTIAL DEVELOPERS IN GREATER LONDON 34
• CHART 20: SOUTH EAST ENGLAND - PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS OUTPUT (£M) 2015-2019 36
• CHART 21: EAST OF ENGLAND - PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS OUTPUT (£M) 2015-2019 37
• CHART 22: SOUTH WEST - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 37
• CHART 23: EAST OF ENGLAND - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 38
• TABLE 24: LEADING PRIVATE RESIDENTIAL DEVELOPERS ACROSS THE SOUTH EAST AND EAST OF ENGLAND 39
• CHART 25: EAST MIDLANDS - PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS' OUTPUT (£M) 2015-2019 41
• CHART 26: WEST MIDLANDS - PRIVATE RESIDENTIAL CONSTRUCTION STARTS, COMPLETIONS AND CONTRACTORS' OUTPUT (£M) 2015 TO 2019 41
• CHART 27: EAST MIDLANDS - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 42
• CHART 28: WEST MIDLANDS - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 42
• TABLE 29: LEADING PRIVATE RESIDENTIAL DEVELOPERS ACROSS THE MIDLANDS 43
• CHART 30: NORTH WEST - PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS' OUTPUT (£M) 2015-2019 45
• CHART 31: YORKSHIRE, HUMBERSIDE & THE NORTH EAST - PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS' OUTPUT (£M) 2015-2019 45
• CHART 32: NORTH WEST - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 46
• CHART 33: YORKSHIRE AND THE NORTH EAST - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 46
• TABLE 34: LEADING PRIVATE RESIDENTIAL DEVELOPERS ACROSS THE NORTH OF ENGLAND 47
• CHART 35: SOUTH WEST - PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS' OUTPUT (£M) 2015-2019 49
• CHART 36: WALES - PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS' OUTPUT (£M) 2015-2019 49
• CHART 37: SOUTH WEST - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 50
• CHART 38: WALES - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 50
• TABLE 39: LEADING HOUSEBUILDERS IN SOUTH WEST, HAMPSHIRE AND WALES 51
• CHART 40: SCOTLAND - PRIVATE RESIDENTIAL CONSTRUCTION, STARTS, COMPLETIONS & CONTRACTORS' OUTPUT (£M) 2015-2019 53
• CHART 41: SCOTLAND - NUMBER OF CONTRACTS AWARDED AND AGGREGATE CAPITAL VALUES, JANUARY TO JULY 2020 53
• TABLE 42: LEADING HOUSEBUILDERS IN SCOTLAND 54
• CHART 43: NEWBUILD HOUSING COMPLETIONS - DEVELOPERS SHARES BY SIZE RANGE 2019 57
• TABLE 44: LEADING PRIVATE SECTOR HOUSEBUILDERS 58
• TABLE 45: 15 LEADING PRPS DEVELOPING HOUSING FOR OPEN MARKET SALE (100+ UNITS IN 2019/2020) 78

CHART A1: GVA CHAINED VOLUME MEASURES KEY CONSTITUENT ELEMENTS - 2015-2020 80

CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE - 2008 TO 2023 81

CHART A3: AVERAGE WEEKLY EARNINGS DATA (GB) TOTAL PAY - 2014-2019 (SEASONALLY ADJUSTED) 82

CHART A4: DISPOSABLE INCOME PER CAPITA AND THE SAVINGS RATIO AT CURRENT PRICES - 2008-2023 83

CHART A5: EXCHANGE RATE FLUCTUATIONS - STERLING TO DOLLAR AND THE EURO SPOT RATES - 2015-2019 84

The previous edition of the Housebuilding Market Report has been superseded by the 1st edition of a new report, the Private Housebuilding Market Report UK 2020-2024. This is because the new housing market comprises sub-sectors that have different market drivers and largely different key stakeholders.

There are existing AMA Research reports on Social Housing newbuild, the Private Rental Sector and Self-Build so it is only right the largest sub-sector, the private or open market newbuild merited specific focus.

Furthermore, rather than being a homogenous UK market, the private newbuild housing sector should probably be considered as a collection of regional markets, with some areas -particularly London - having unique characteristics and . This report pays specific attention to GB's regional markets; starts & completions, output values, contract awards 2020 and top 20 housing developers.

TABLE OF CONTENTS

1. INTRODUCTION 9

• 1.1 SCOPE OF THIS REPORT 9
• 1.2 SOURCES OF INFORMATION 9

2. SUMMARY 11

• 2.1 MARKET SIZE AND TRENDS 11

3. PRIVATE RESIDENTIAL CONSTRUCTION MARKET - UK REVIEW 13

• 3.1 MARKET SIZE AND RECENT TRENDS 13
• 3.3 GENERAL MARKET INFLUENCES (OTHER THAN THE IMPACT OF THE COVID-19 PANDEMIC) 16
  • 3.3.1 Economic, social and demographic factors 16
  • 3.3.2 Affordability 17
  • 3.3.3 Stamp Duty Relief 20
  • 3.3.4 Trends in Newbuild Housing Prices 21
  • 3.3.5 Land availability and planning Issues 22
  • 3.3.6 Shortages of On-site Trades and Professionals 23
• 3.4. PRIVATE RESIDENTIAL CONSTRUCTION BY TYPE OF DWELLING 25
• 3.5 UPTAKE IN OFFSITE CONSTRUCTION METHODS 27

4. RESIDENTIAL CONSTRUCTION BY REGION 31

• 4.1 OVERVIEW AND DEFINITIONS 31
• 4.2 GREATER LONDON 32
  • 4.2.1 Market summary 32
  • 4.2.2 Leading developers 33
• 4.3 SOUTH EAST AND EAST OF ENGLAND 35
  • 4.3.1 Market summary 36
  • 4.3.2 Leading developers 39
• 4.4 THE MIDLANDS 40
  • 4.4.1 Market summary 40
  • 4.4.2 Leading developers 43
• 4.5 NORTHERN ENGLAND 44
  • 4.5.1 Market summary 44
  • 4.5.2 Leading developers 47
• 4.6 SOUTH WEST & HAMPSHIRE AND WALES 48
  • 4.6.1 Market summary 48
  • 4.6.2 Leading developers 51
• 4.7 SCOTLAND 53
  • 4.7.1 Market summary 53
  • 4.7.2 Leading developers 54

5. DEVELOPERS 56

• 5.1 DEFINITIONS AND MARKET STRUCTURE 56
• 5.2 LARGER PRIVATE HOUSEBUILDING DEVELOPERS 57
  • 5.2.1 Overview 57
  • 5.2.2 Review of the 15 leading housebuilding companies in the private sector 59
• 5.3 SOCIAL/AFFORDABLE HOUSING PROVIDERS (PRP) 77

APPENDICES 79

APPENDIX A: ECONOMIC ENVIRONMENT 79

A.1 OVERVIEW AND OUTLOOK 79

A.2 GDP 79

A.3 INFLATION & INTEREST RATES 80

A.4 EMPLOYMENT & WAGES 81

A.5 HOUSEHOLD CONSUMPTION 82

A.6 STERLING 83