Twitter
Daily construction news
Weekly plant news

Construction News

Sat December 20th 2014

Related Information
Related Information

News » UK » Big bounce for commercial development index » published 13/04/2012

Big bounce for commercial development index

Commercial development activity grew in March for the first time in nine months, according to latest research.

The expansion in total commercial development activity last month was stronger than it has been for two years.

The research, conducted by Markit Economics for estate agent Savills, found that approximately 25% of commercial developers recorded an increase in overall activity in the month, compared to 12% indicating a decline.

The Total Commercial Development Activity Index, a net balance monitoring the overall performance of the UK commercial property sector, registered +13.1% in March, up from -3.6% in February.

Savills head of building consultancy Michael Pillow said: “With development activity rising at its strongest rate for two years it is clear that developers are anticipating a demand-side improvement. Encouragingly, this recovery appears to be broad-based and not just London-focused.”

 

 

MPU

Further Images

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 13/04/2012 (last updated on 16/08/2012).

More News Channels