Construction is a substantial part of the UK economy accounting for £110 billion in GVA, 7% of GDP and employs over 2 million people. Construction and infrastructure not only fuels growth and creates jobs but regenerates communities through sustainable placemaking.

The November 2023 RICS UK Residential Survey results point to an improved outlook for the housing market, with the improvement in sentiment supported by a small easing in mortgage rates over recent weeks. However, sales in the near term are only marginally positive, and other indicators remain in negative territory.