Demand in the new build sector has recently been stronger than for the market as a whole. This could be the first sign that buyer sentiment is improving. But it seems more likely that the data simply confirm that large numbers of buyers remain hugely dependent on artificial incentives to reduce the effective cost of house purchase. On that view, demand is likely to stay very weak for some time yet.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services