Flat market recovery key to housing sector growth, says CEO

Market Trends Regulations & Compliance Ground Rent Planning

Original Article Summary

Restoring buyer confidence in flats is critical to revitalising the housing market, according to Hill Group CEO Andy Hill. Data shows house prices have risen 43% since 2016, whilst flat prices have increased just 10%. The post Flat market recovery key to housing sector growth, says CEO appeared first on PropertyWire.

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Investor Analysis

UK flat prices have risen only 10% since 2016 versus 43% for houses, driven by fire safety concerns post-Grenfell and leasehold dissatisfaction. Industry leaders argue that restoring confidence in apartment living is essential for housing delivery and first-time buyer access.

Investor Relevance

Investors holding or developing flats face structurally weaker capital growth and buyer demand, affecting exit pricing and refinancing assumptions; BTR developers should note that institutional appetite remains strong but end-user demand for flats needs design and regulatory fixes to recover.

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