It’s the run up to Christmas and we’re in a recession – well if not technically, we’re definitely suffering from the recession – so don’t be surprised to see redundancies on the rise and asking prices for homes on the decline. It is the nature of things. And in this regard we have not been let down by the price data research from the property websites Rightmove and FindaProperty. Both show the recent rally in asking prices reversing this month….
For those poring over the latest new orders figures released today to find guidance on the future of construction activity I suspect there is something for the optimists, but rather more for the pessimists. It must be said that trying to discern sensible insight from examining the orders figures month by month is probably as fruitful as peering and prodding hourly at the scab on a grazed knee to see how it’s healing. You more or less know how long…
The latest survey from the civils trade body CECA into the performance and prospects of its members very much reflects the pressures on the building sector, where housing and commercial building work is being squeezed by the effects of the credit crunch. While the outlook for civils is broadly positive, there is little chance that the civils sector will remain immune to the travails in the building sector, as a huge slice of work comes from preliminary works for development.