Friday, 1 February 2013

RICS expects 2013 to bring better news for UK construction market

The Royal Institute of Chartered surveyors are predicting the UK construction market will show signs of recovery this year.

Their survey has showed that in the last quarter 15% more surveyors across the UK reported they expect workloads to increase over the coming 12 months. This is reflected in the increase in reported workloads in the period Oct-Dec 2012.
A net balance of 6% more respondents indicated that activity had increased, with the most substantial gains being seen in infrastructure and private commercial development.
Simon Rubinsohn, RICS Chief Economist, said: “After a truly dreadful year, if one believes the official data, there are signs that 2013 will bring some better news for the construction sector.
“Most notably, the numerous measures that the government has introduced with a focus on infrastructure appear to be bearing some fruit.
“Critically, competitive pressures in the sector remain intense which is continuing to erode profit margins.
“And for the time being financing constraints are still an issue although the Funding for Lending Scheme should gradually help to ease this challenge.”
In our poll last month we asked for your thoughts and predictions on the state of the UK construction industry in 2013 and beyond. You can still vote here.

Look at the latest Construction sales jobs 

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