Market forecast
Fordham, Peter
Market forecast - 2008 - Building 273(8514) 1 February 2008, 64-66(3) .
Davis Langdon's Tender Price Index reveals building prices in London increased steadily in 2007, ending the year 6% up on 2006. Most other regions had a similar rate of inflation. The Building Cost Index increased 4.9% in 2007, lower than the previous three years, although a rise is predicted over 2008. The Retail Prices Index reached a 4% annual inflation rate in 2007 and is forecast to drop to 2.5% by the end of 2008. Article includes general trends and forecasts for the construction industry, including materials prices and market characteristics. Also provides a report on the economy and the credit crunch.
DAVIS LANGDON TENDER PRICE INDEX
United Kingdom--
Market forecast - 2008 - Building 273(8514) 1 February 2008, 64-66(3) .
Davis Langdon's Tender Price Index reveals building prices in London increased steadily in 2007, ending the year 6% up on 2006. Most other regions had a similar rate of inflation. The Building Cost Index increased 4.9% in 2007, lower than the previous three years, although a rise is predicted over 2008. The Retail Prices Index reached a 4% annual inflation rate in 2007 and is forecast to drop to 2.5% by the end of 2008. Article includes general trends and forecasts for the construction industry, including materials prices and market characteristics. Also provides a report on the economy and the credit crunch.
DAVIS LANGDON TENDER PRICE INDEX
United Kingdom--