Housing construction slows

April 21, 2016

A recent poll by the Royal Institution of Chartered Surveyors (RICS) reportedly  found that the level of construction work in the private housing sector is rising at the slowest pace since 2013, this comes despite the huge commitment to the sector by the government.

A shortage of skilled labour in the building sector, in particular ‘bricklayers’ along with financial constraints and  planning delays contributed to this slowdown, skills shortages have driven average wages up by 7pc in the year to January.

Simon Rubinsohn, chief economist at RICS, reportedly said that he “cannot discount the climate of uncertainty caused by the forthcoming EU referendum.

“We know that a range of sectors have been affected by these issues as investors look to delay any decisions until a final outcome has been determined, and construction is no exception.”

 

 

 

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

Love or Hate Rightmove
Breaking News

Searches surge for Moclín in Spain due to Amanda and Alan’s Spanish Job

Searches for Moclín, an area in the province of Granada in Spain, have surged due to the programme Amanda & Alan’s Spanish Job, hosted by Amanda Holden & Alan Carr The increase from 104 searches at this time in 2024, to more than 85,000 in 2025, equates to a more than 800 times surge in searches It is…
Read More →
AI in estate agency letting agency property
MarketingProptech News

AI Services for UK Estate & Letting Agents:

Firstly, let us fully understand what AI is and how it can help within the UK estate and letting agency industry – Is it all that it’s cracked up to be as such?! It’s all about artificial intelligence operations of which most take over from and surpass human involvement: “Artificial intelligence refers to the capability…
Read More →
Breaking News

Economic certainty needed to bolster builders, says FMB

The 0.2% fall in construction output in January 2025, according to new figures from the Office of National Statistics (ONS), is another indicator that the economy is struggling despite the Government’s strong commitment to back development, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said: “Winter is always a…
Read More →
Surge in country and seaside property values
Estate Agent Talk

5 Tips for Increasing the Value of Your Home

Owning your own home is one of the best financial investments that you can make in your life. Whether you’re planning to sell in the near future, or keeping an open mind about moving later down the line, making alterations to your property can significantly increase its value. So, whenever it is you’re looking to…
Read More →
Breaking News

Housing Insight Report – Covering January 2025

As widely expected, January 2025 saw an uplift in activity in the sales market due mainly to the Stamp Duty thresholds changing, requiring many homeowners completing from April onwards to pay more tax in England and Northern Ireland. Residential sales UK average house price dipped The average UK house price stood at £268,000 in December…
Read More →
Breaking News

Mortgage Expert predicts interest rates will still remain higher than pre-pandemic levels

Hodge Bank’s 2025 Predictions: Interest Rates and House Prices Outlook James Enos, Hodge Bank, suggests consumers remain mindful that interest rates will likely still remain higher than pre-pandemic levels. The fate of house prices for 2025 are in the hands of consumer confidence and appetite to purchase. Hodge Bank anticipates that the year will see…
Read More →