Brexit continues to weigh on Construction

August 15, 2016

The National Housing Federation (NHF) warned only last month about the impact a vote for Brexit would have on the Construction Industry , they now highlight the new figures released  by Reuters, the Royal Institute of Chartered Surveyors and the Office for National Statistics which substantiate those warnings.

In a news release from (NHF) late last week  David Orr, Chief Executive at the National Housing Federation said:

“We know that an uncertain economic environment will cause builders to put the brakes on. Our country’s prosperity and thousands of citizens’ livelihoods depend on a strong building sector – we cannot let a slowdown take hold.”

“Housing associations have a track record of building through tough times, having upped their output through the last recession when private developers could not. With the right flexibility from Government, and at no extra cost to the taxpayer, housing associations can keep the nation building.”

Read the NHF press release in full click here

 

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Section 8 Reforms: What Landlords Need to Know About Longer Notice Periods and Stricter Rules

By Allison Thompson, National Lettings Managing Director, LRG As the Renters’ Rights Bill continues its progress through the House of Lords, landlords should be preparing for a much tighter framework around possession. One of the most significant changes proposed is the reform of Section 8, the legal route for regaining possession where a specific reason…
Read More →
New Build for Merseyside
Breaking News

British new-build demand sees quarterly decline

The latest new-build market insight from Property Inspect has revealed that buyer demand for new-build homes remained largely static between the first and second quarter of this year, although buyer appetites for new homes remained robust in a number of major cities. The New-Build Demand Index (Q2 2025) from Property Inspect provides a view of…
Read More →
Breaking News

Labour to miss housing target by eight years

The latest analysis by West One Loans, a leading provider of property finance and specialist mortgages, reveals that despite overseeing an increased level of work starting on new homes, it appears that, as we approach their one-year anniversary in power, Labour still needs 12 years to honour its headline manifesto pledge on new-build housing delivery.…
Read More →
Rightmove logo
Breaking News

Sandbanks crowned most expensive seaside spot

New data from Rightmove shows that Sandbanks in Poole, Dorset is the most expensive coastal area in Great Britain, with an average asking price of £1,282,565 Canford Cliffs in Poole is second, with an average asking price of £974,635, and Milford-on-Sea in Hampshire is third (£728,460) Sandbanks is now the only seaside spot above £1million:…
Read More →
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Tracker – 01/07/25

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.57% -0.05% -0.83% 5-year fixed 4.55% -0.04% -0.45%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.69% -0.13% -0.98% 5-year fixed 3.87% -0.01% -0.36%   Average…
Read More →
Breaking News

Housing Insight Report Covering May 2025

Sales On average, there were around 11.5 homes placed for sale per member branch in May 2025. Lettings The average void period reported by member agents increased to just over three weeks in May 2025. We are seeing an average of 37% of housing transactions taking longer than 17 weeks to complete. The timescales are…
Read More →