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Today, we delve into the mounting challenges facing the UK property and construction sectors. The housing market sees a concerning rise in failed sales, with 23.8% of deals collapsing in 2025, costing consumers £560 million annually. Santander warns of a broader economic impact nearing £950 million. Proposed reforms aim to mitigate these losses by introducing upfront information and binding agreements.
Meanwhile, Labour’s proposed ban on upward-only rent reviews in commercial leases could slash investment by £2 billion annually, hindering regeneration efforts. Shifting to construction, the S&P Global UK Construction PMI reveals a sharp decline in output, falling to 39.7 in April. Cost inflation has surged, with 69% of firms facing higher expenses. Experts urge the Bank of England to reconsider its quantitative tightening policy amidst rising borrowing costs. For more insights, stay connected with Provide Finance.