Building Project Development in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Building anew: A shift in work and shopping habits encourages developers to repurpose commercial spaces

The financial and operational success of development markets depends on a range of socio-economic factors, such as property values, market sentiment and credit conditions. Building project developers' revenue is forecast to decrease at a compound annual rate of 4.2% to £34.9 billion over the five years through 2023-24. Pre-pandemic, Brexit-related uncertainty dampened investor sentiment and cooled property markets. Despite this, the collective performance of UK property developers remained resilient, aided by policy support for housebuilding and government investment in public sector facilities.

Firms in this industry bring together the financial, technical and material resources to complete residential and non-residential building projects. The industry does not cover the construction of buildings or project management services related to building projects.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.