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RICS Reports Slight Improvement in UK Construction
Workloads in the construction industry have been constantly falling in the 1st quarter of 2009, however the recent RICS construction market survey suggests that some key construction areas, such as housing, saw a slight improvement in the pace of decline. All in all, construction workloads remained negative for the 4th consecutive quarter with... Read more
British Architects Massively Sign Up to Foreign Development Projects
Recent survey suggests that British architects do not any longer consider the UK construction market as strong and are looking for business opportunities overseas. The results of survey, recently carried out by the Architects' Journal, suggest that almost 60% of architects’ contracts will come from foreign markets in 2010 with 20% of those... Read more
Barratt North Midlands was Rated 4 Stars
The recent Home Builders Federation survey showed that Barratt North Midlands, UK leading home builder, has scored very high, which means that the majority of the buyers are satisfied with their new properties and would recommend the builder to others. More than 20,000 builders all across the UK participated in the annual HBF survey, in which... Read more
VAT Tax Cut to Support UK Construction
Recent survey conducted by the Federation of Small Businesses (FSB) revealed that a cut in VAT tax can help support the Britain’s building industry. To be more precise, it should be noted that the survey results indicated that a 5% cut in the VAT tax can help small businesses cope with the recession. The FSB survey demonstrated that 59% of... Read more
The Brits Massively Consider Becoming Landlords
Recent research conducted by an authoritative online source of professional advice revealed that an average of 5 million homeowners have considered becoming so-called reluctant, or accidental, landlords. One third of them, which amounts to almost 1.5 million, have considered this option because they are unable to sell their properties without a... Read more
The British Do not Want House Prices to Go Up
A survey, commissioned to BBC Two's Propertywatch, revealed that the majority of the British do not property prices to rise. All respondents were asked one and the same question: “Thinking about your current circumstances, do you want house prices to increase, decrease or stay the same?†The ICM opinion poll showed that 64% of the... Read more
UK Citizens Are Reluctant to Buy a New Home
The results of a recent Home Sweet Home survey, conducted by Legal & General demonstrated that more than 50% of respondents are not planning to buy a new property any time soon. To be more precise, the survey showed that 54% of respondents were not looking into a purchase of a new home in the future with 23% of these citing the difficult... Read more
UK Construction Market Improves
The information presented by CIPS/Markit UK Construction PMI suggests that all three sectors of construction in the UK (housing, commercial and civil engineering) have showed slight signs of improvement in April 2009. The PMI increased by almost 8% (from 30.9% to 38.1% in March and April accordingly), with index tracking trends also increasing... Read more
RICS Conducted a Survey on UK Commercial Property
Recent report showed that the tenants demand in the sector of commercial buy to let property in the UK is decreasing, while the supply is expected to speed up, thus causing rental rates to decline. The survey, conducted by the Royal Institution of Chartered Surveyors (RICS) demonstrated that 40% of surveyors reported a fall in the tenant demand... Read more
Home Improvements Are Planned by 25% of Brits
Recent online survey revealed that 1 in 10 British citizens plan to make improvements to their homes this year in spite of the economic downturn. The results showed that 25% of the British are now saving up to afford home improvements with 8.5% planning to make their homes look and feel as they wish. 15% of respondents said that they wanted to... Read more