Construction in the South East Provides Boost for Contractors
Posted by Glenigan on 14th February 2023 -
Glenigan’s construction industry research shows that the underlying value of project starts (schemes valued under £100m) leapt by 28% in the final three months of last year compared to the previous quarter. There was also a rise of 23% on the final quarter of 2021.
Glenigan’s economics director Allan Wilén comments: “Despite wider economic concerns, there still appears confidence amongst clients in certain sectors in the South East.”
Private housing projects are up by 69% compared to a year ago, while the underlying value of hotel and leisure starts (schemes valued under £100m) has surged 79%. Retail work also leapt by 123%, albeit from a low base.
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