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Cymru concerns

By: Language: English Series: Housebuilder ; 67(4) May 2008, 14-15(2)Publication details: 2008Subject(s): Summary: Considers the condition of the Welsh construction market. Warns that the recent collapse of a Cardiff-based construction company may not remain an isolated occurrence, and could happen outside Wales. While company failures in Wales rose by 3.8% in the last year, this was the lowest figure for any UK region. The number of failing property firms in the last year is 151, compared with 119 a year ago. The credit crunch is being seen as responsible. Provides local statistics on planning applications and approvals.

Considers the condition of the Welsh construction market. Warns that the recent collapse of a Cardiff-based construction company may not remain an isolated occurrence, and could happen outside Wales. While company failures in Wales rose by 3.8% in the last year, this was the lowest figure for any UK region. The number of failing property firms in the last year is 151, compared with 119 a year ago. The credit crunch is being seen as responsible. Provides local statistics on planning applications and approvals.