Printed: 05 April, 2017
The buildings sector of the development trade confirmed a powerful start to the year, with the worth of non-residential undertaking begins on website within the three months to February being 13% forward of the identical interval a year earlier, in accordance to the Glenigan Index for February 2017. There was additionally a marked enchancment within the social-housing sector, with the worth of initiatives begins being 17% larger than a year earlier. In distinction, non-public residential begins have been down by eight%.
The surge in non-residential initiatives is seen by Glenigan as suggesting that investor confidence is recovering from the heightened uncertainty seen within the instant aftermath of the EU referendum vote.
The economic, workplace and resort and leisure sectors all noticed a marked enchancment within the worth of underlying undertaking begins in the course of the three months to February.
As well as, non-residential begins have been boosted by will increase in well being and neighborhood amenity work.