Comment: Property industry reactions for 2025

Tom Dodson, Chief Operations Officer at Better Green Living, commented:

“As we approach the end of the year, we anticipate significant growth in the retrofitting and refurbishment sector to address the rising demand for premium green working spaces. With hybrid working and studying prevalent across the country, the need for communal spaces has become essential. This growing demand offers an opportunity for spaces to undergo sustainable refurbishment instead of building new spaces from scratch. And with an aligning focus on sustainability amongst the property industry, it’s more important than ever, that our designs are fit for purpose, and we utilise as much of our existing buildings as possible.

“The demand for student accommodation is at an all-time high, with 2.2 million students projected to require housing by 2026. This presents a significant opportunity to develop these high-demand hubs. However, to meet this need, the industry must address the existing skills gap. Building a strong and diverse workforce is essential in delivering the retrofit work necessary for the UK’s transition to net zero. This can only be achieved by additional Government support to provide the younger generations with retrofitting training to develop and expand their skills. With the expected rise for retrofitting projects and a focus on greener solutions in doing so, we continue to stay ahead of the curve.”

SOURCE: https://bdcmagazine.com/2024/12/comment-property-industry-reactions-for-2025/