Ma­te­ri­als costs im­pact on builders

Yorkshire Post - Property - - PROPERTY NEWS -

POUND FALLS: Seventy per cent of UK builders have seen an in­crease in the cost of ma­te­ri­als due to the de­pre­ci­a­tion of the pound, ac­cord­ing to new re­search from the Fed­er­a­tion of Mas­ter Builders. Sarah McMona­gle, Di­rec­tor of Ex­ter­nal Af­fairs at the FMB, says: “Thou­sands of smaller build­ing firms are grap­pling with the ris­ing cost of ma­te­ri­als. Anec­do­tally, con­struc­tion firms are al­ready re­port­ing an in­crease of 22 per cent in Span­ish slate and 20 per cent in­crease in tim­ber. A quar­ter of all ma­te­ri­als used by the UK con­struc­tion in­dus­try are im­ported so this is sig­nif­i­cant.”

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