Much like last year, the results of this year’s report once again, highlights concern around the uncertain political and economic environment and how this may impact the property and construction industry.
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At the time of the survey the United Kingdom (UK) was due to leave the European Union (EU) on 31 October 2019. However, deep uncertainty remains surrounding whether the UK will leave – and if it does, will it be with a deal or without. Our respondents are clearly calling out for stability in the political and economic environment. The general election on 12 December may result in a way forward regarding Brexit, or more uncertainty regarding our relationship with Europe.
Despite the Office of National Statistics (ONS) snapshot of the market report showing house prices in London dropping at the fastest rate in 10 years (dropping by 4.4%), findings from our research suggest the London market, although still affected by low growth, is the second most attractive region for investment in the next 12 months (20%).
Data from the ONS and industry surveys show that the number of women in construction has not increased significantly over the past four years despite attempts to increase female representation.
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Download our Property and Construction report [pdf]