Market analysis suggests that 2016 was a somewhat difficult year for the construction industry.
According to a report by JLL and Glenigan, there was a 14% drop in overall activity in the sector, to £16.7bn for the year.
A reduction in the number of new build developments, with a quarter-on-quarter slide of 18.1%, coincided with a corresponding 6.8% fall in refurbishments leading to a degree of nervousness in the industry.
Many people have attributed this dip to uncertainty over the economic outlook in the lead-up to and aftermath of Britain’s withdrawal from the European Union. [Read more...]