We operate in the industrial & logistics and residential markets, which benefit from favourable supply and demand dynamics, structural growth, and strong support from local and central government.
Residential
GOOD DEMAND FOR LAND
Continuing nationwide housing undersupply is driving consistently good demand for prepared land from housebuilders of all types in our regions. Fifteen separate housebuilders have now purchased land from Harworth, helping to tackle the UK’s continued under-supply of around 100,000 homes per annum of all types in our regions, as shown by national completions data for 2018/19
COMPARATIVE AFFORDABILITY OF NEW HOMES
New houses on our sites in the North West, Midlands and Yorkshire & Central remain more affordable than in the South. Each of our regions has an affordability ratio(2) for first time buyers of less than 8, compared to over 11 in London and the South East
GOVERNMENT SUPPORTS ACCELERATION OF BUILD-OUT
Housing remains the UK government’s key domestic priority, supported by Help to Buy remaining in place until 2023 for first time buyers and maintenance of NPPF as UK’s key planning document
Industrial & Logistics
CONSISTENT DEMAND FOR NEW SPACE
Steady demand for well-located industrial space of all sizes remains in our regions. UK vacancy rate continues to stand at well below 10%. Reported demand from our agents in our regions for units of under 100,000 sq. ft is strong and has continued to improve into 2020
LEADING PROPERTY SUB-SECTOR
Industrial sector is forecast to be one of the best performing property asset classes in the medium-term
SUPPORTED BY STAKEHOLDERS
On the whole, local and national support for sustainable new commercial development remains, driven by the desire for economic regeneration and the need for business rate receipts
