Con­struc­tion sec­tor is still suf­fer­ing

Yorkshire Post - Property - - PROPERTY -

THE con­struc­tion sec­tor is still suf­fer­ing from a lack of fund­ing, says the Royal Institution of Char­tered Sur­vey­ors.

Si­mon Ru­bin­sohn, RICS chief econ­o­mist, says: “Pre­lim­i­nary data for the con­struc­tion sec­tor sug­gests that out­put fell back sharply in April. This is dis­ap­point­ing, af­ter a very weak start to the year, we had hoped that the re­cov­ery seen in the March fig­ures could be the begin­ning of a more up­beat trend.

“New work, re­pair and main­te­nance and in­fra­struc­ture all saw a drop in out­put in April and there is lit­tle sign that gov­ern­ment pol­icy on hous­ing is hav­ing any impact on res­i­den­tial de­vel­op­ment.” He blames lack of fi­nance and short­age of de­mand.

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