UK Construction Slowdown, Housing Market Trends, and New Initiatives for Energy & Urban Regeneration

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This edition covers a slowdown in UK construction growth, a continued rise in house prices, and a £6bn military housing buyback deal. It also highlights the potential of metro mayors in urban regeneration and the new Clean Power Action Plan aimed at revitalising the UK’s energy infrastructure.

ONS construction statistics show minor decline in output

The Office for National Statistics (ONS) has released its GDP monthly estimate for October 2024, highlighting a slowdown in construction growth.

RICS survey shows UK house prices continue to grow

The Royal Institute of Chartered Surveyors has released their UK Residential Survey for November, investigating the demand for homes and its effects on the market.

MoD agrees to £6bn military housing buyback deal

The Ministry of Defence has signed a deal with Annington to repurchase 36,347 houses for military use, reducing rental bills and unlocking housebuilding projects for military families.

Report highlights role metro mayors can play in urban regeneration

The Institute for Government has published a paper investigating how the new powers granted to mayors can play a role in urban regeneration.

New Clean Power Action Plan to revitalise UK energy infrastructure

The Clean Power Action Plan will prioritise national grid projects, speed up planning processes for energy infrastructure and expand the renewable auction process.