The UK construction sector is set to grow by 3.9 per cent this year, according to a new analysis from peer-to-peer lending platform Easymoney.

Last year, the UK construction sector was valued at £97.6bn, making it “by far the largest in Europe,” Easymoney said. The sector has now rebounded from the pandemic and will return to growth this year, with a predicted value of £101.4bn by the end of 2023.

The analysis also found that residential construction accounts for the vast majority of the market, with an 80.8 per cent share.