Thursday, 6 November 2014

Cooling Property Market Hits UK Construction Activity

Businesses start to delay new contracts as slower growth and cooling property market dents business confidence.

House building fell to its lowest level in a year in October amid signs that Britain’s recovery is slowing down and the property market is slowing.

While demand remained strong, Markit’s closely-watched survey showed some businesses were delaying new contracts as slower growth dented business confidence.

“Some survey respondents commented that less favourable housing market conditions had resulted greater caution among clients and delays to the launch of new development projects,” Markit said.


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