According to GlobalData, the value of the UK construction market is forecast to decline by 1.9% in real terms in 2023, having grown by 4.1% in 2022. A key growth market will be the infrastructure market, with output rising by 3.1% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five single-family housing construction projects that commenced in the UK in Q4 2023, according to GlobalData’s construction projects database.
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1. Hem Residential Community
The project involves the construction of a residential community comprising 299 semi and detached homes on 44.30ha of land in Telford, Telford and Wrekin.
Construction work started in Q4 2023 and is expected to be completed in Q2 2025.
The project aims to provide better residential facilities in the area. Buy the profile here.
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2. South Wootton Residential Community
The project involves the construction of a residential community comprising 450 homes in South Wootton, Norfolk.
Construction work commenced in Q4 2023 and is expected to finish in Q2 2027.
The project aims to provide better housing facilities in the region. Buy the profile here.
3. Fitton Hill Residential Community
The project involves the construction of a residential community of 8.90ha of land in Oldham, Borough of Oldham.
Construction work started in Q4 2023 and is forecast to complete in Q3 2026.
The project aims to provide better residential facilities in the region. Buy the profile here.
4. North Staneyhill Residential Community
The project involves the construction of a residential community comprising 300 homes in Lerwick, Shetland, UK.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to provide better residential facilities in the region. Buy the profile here.
5. Kirton Lindsey Residential Community
The project involves the construction of a housing community comprising 460 homes in North Lincolnshire.
Construction work started in Q4 2023 and is expected to be completed in Q1 2027.
The project aims to provide better residential facilities in the region.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
