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RICS UK construction forecast 2006

By: Language: English Series: RICS Press Release ; 16 June 2006Publication details: 2006Subject(s): Online resources: Summary: Construction output is anticipated to be 2% higher by the end of 2006, and 2.7% higher by the end of the following year, according to the latest RICS construction forecast. This follows a fall in growth in 2005, the first for 11 years. Both commercial building and public housing are expected to increase, although industrial property growth is expected to fall from 11% in 2006 to 1% in 2007.

Construction output is anticipated to be 2% higher by the end of 2006, and 2.7% higher by the end of the following year, according to the latest RICS construction forecast. This follows a fall in growth in 2005, the first for 11 years. Both commercial building and public housing are expected to increase, although industrial property growth is expected to fall from 11% in 2006 to 1% in 2007.