Largest private and social housing projects to start in the UK in 2023

Four of the ten largest new residential construction projects in the United Kingdom (UK) with a construction start date in 2023 were found in London. Offsite MMC Housing Construction Framework is a project to build social housing using modern methods of construction (MMC) and it is valued at 1.1 billion British pounds.

The housing construction market in London

London is one of the best-known cities in the world. It is an important financial and economic centre, accounting for the highest share of GDP out of all the regions in the UK. It is also home to the West-End and the British Museum, and it boasts a vibrant cultural life. The economic importance and popularity of the city are some of the factors fostering a high demand for housing construction in London. In addition to the 20,530 housing starts in London in 2022/23, there was also a similar volume of housing completions. In comparison, the number of private housing starts in the UK as was estimated to be 170,000 in 2022.

House repairs in the UK

Housing repair and maintenance was one of the segments with the highest market shares in the UK construction industry. Meanwhile, new private housing construction represented 22.46 percent of the construction market in the country in 2022. Two of the largest repair and maintenance projects in 2023 were in London and in the county of Tyne and Wear (the county were Newcastle is located). The revenue of housing repair and maintenance in Great Britain decreased significantly in 2020 due to the outbreak of the COVID-19 pandemic, but it picked up fast in 2021 and 2022.