Imaginative housing solutions are required when interest rates are high, income growth is slow, and immigration is reduced. All of these factors affect spending on housing. Will borrowing costs encourage saving over investing? Will government policy, particularly on immigration, have an impact on household formations and housing demand? When labour and land are in short supply, will developers find ways to provide much-needed housing when fundamental market conditions continue to hamper demand?
Read our outlook to get the full report.
