The UK House Price Index for June 2017 has been released, with the latest data showing that a yearly price increase of 4.9% and that the average property value in the UK is now up to £223,257. So what does this mean for construction companies?
According to the data, the East of England has seen the biggest average property price increase since last year, with an increase of 7.2%, while London has experienced a substantial drop with a decrease of 0.7%.
The figures also show that the number of completed house sales in England rose 1.6% to 53,410, compared to 52,590 in April last year.
Similarly, both London and Wales also saw a rise in the number of completed house sales, corroborating the news we’ve seen in previous articles that house building in the UK is on the rise.
For construction companies, this means that it’s more important than ever to ensure you have the right software to effectively and efficiently manage increasing workloads; without a comprehensive system in place that allows you to, for example, improve forecasting, or organise and easily manage entire projects from land acquisition through to build and completion, your business can never gain the upper hand.
Investing in the right software can help in all aspects of the housebuilding process, from managing margins in uncertain times to maximising opportunities when they arise, such as the positive industry trends discussed here, giving you the edge over your competitors.
Eque2’s Housebuilding software supports you from land purchase through to build, sales and customer care, helping you to be more efficient, improve performance and monitor budgets and project costs.
You can find out more about how Housebuilding software could boost your margins, profitability and efficiency here.