{"id":15932,"date":"2018-04-26T12:15:29","date_gmt":"2018-04-26T11:15:29","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=15932"},"modified":"2018-04-26T12:15:29","modified_gmt":"2018-04-26T11:15:29","slug":"north-west-construction-market-hots-up-giving-brexit-the-cold-shoulder","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/north-west-construction-market-hots-up-giving-brexit-the-cold-shoulder\/","title":{"rendered":"North-west construction market hots up giving Brexit the cold shoulder"},"content":{"rendered":"

New findings from professional services firm Turner & Townsend confirm that in contrast to London, where construction output declined by 5.7% impacted by Brexit uncertainty, the north-west is up by 30.7%.<\/strong><\/p>\n

Looking at the period from the second quarter of 2016 before the EU Referendum up until the end of 2017, Turner & Townsend’s UK Market Intelligence<\/em> report highlights regional variations in building output, and the figures indicate that the north-west<\/a> is benefiting from increased independence and autonomy with moves towards devolution<\/a>.<\/p>\n

The West Midlands<\/a>\u2019 construction output also recorded a rise of an impressive 27.8%, with the south-west<\/a> achieving 27.2% growth. Increases across these areas reflects high demand for new housing<\/a> and a lack of contractor supply triggering a hike in tender prices with single-stage tendering going up by more than 10%.<\/p>\n

A buoyant market<\/h4>\n

Turner & Townsend\u2019s director Paul Connolly said: \u201cMarket uncertainty continues to affect the construction industry. Data recording the latest output in several regions suggests early signs of a correlation between regional autonomy<\/a> and resilience to the impact of an uncertain political future embodied by Brexit<\/a>. Despite a slowdown in the office sector, the residential and infrastructure markets in London<\/a> remain very buoyant, demonstrating the nuances of the capital\u2019s market.
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\n“We are seeing signs that contractors are more confident about taking on greater commercial<\/a> and schedule risk. This is demonstrated by a decline of 5% for projects offered on a two stage tender basis standing at 36.5%, compared to 27.4% a of single stage tendering, up 10% in the first three months of 2016.”<\/p>\n

Throughout 2018, tender prices are predicted to make minimal gains with a 1.7% increase forecast for London, 2.3% in the West Midlands, 2.2% in the north-west, and 2.1% across the south-west.<\/p>\n","protected":false},"excerpt":{"rendered":"

New findings from professional services firm Turner & Townsend confirm that in contrast to London, where construction output declined by 5.7% impacted by Brexit uncertainty, the north-west is up by 30.7%. Looking at the period from the second quarter of 2016 before the EU Referendum up until the end of 2017, Turner & Townsend’s UK… Read more »<\/a><\/p>\n","protected":false},"author":217,"featured_media":15941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8,61,42,6],"tags":[344,341],"class_list":["post-15932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternative-investments","category-construction","category-regeneration","category-uk-housing-market","tag-brexit","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/15932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/217"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=15932"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/15932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/15941"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=15932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=15932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=15932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}