Know what you want? Try our 'Supplier Directory' 

Glenigan reports construction starts down 24%

The underlying value of UK construction project starts was 24 per cent lower for the three months to June compared to the same period in 2010, according to industry analyst Glenigan.
Glenigan also reports that hotel construction in London fell 73 per cent year on year. 'Last year saw a surge in hotel starts as clients pulled forward projects to ensure completion before the Olympics. The current lull is forecast to be temporary with the budget hotel chains expansion plans underpinning future growth,' said Glenigan economics director Allan Wilen.

However, retail was the only sector to buck the trend with a 13 per cent year on year increase as the major supermarket chains press ahead with their expansion plans. Mr Wilen added: 'The supermarkets continue to get good value for money from the construction industry as it competes fiercely for new work.'

Industrial and office construction starts were also down 35 per cent and 20 per cent respectively as investors remain cautious against the backdrop of the weak economy and high inflation. Civil engineering project starts were 29 per cent down due to a continued decline in infrastructure developments and a volatile utilities sector.

Residential construction was down 29 per cent year on year as a result of private and public sector cuts. Private housing project starts were down 31 per cent year on year, while social housing was also down 26 per cent.

Follow HVROnlineEditor on Twitter
18 July 2011

Comments

Already Registered?
Login
Not Yet Registered?
Register

Insulating EU homes could reduce energy demand by 44%

A new study released by Buildings Performance Institute Europe (BPIE) shows that improving the insulation of existing residential buildings in the EU would significantly contribute to securing the bloc’s energy independence and achieving he EU target of reaching climate neutrality by 2050.

Improved insulation of EU residential buildings would result in a reduction of energy demand for heating in buildings by 777 TWh, or 44% compared to 2020: 46% in gas savings, 44% in heating oil savings and 48% in coal savings.

  19-Jan-2023

Hot water for healthcare

Recent research by the University of Exeter sets out the scale of the challenge the NHS faces if it is to achieve sustainability targets set under the government’s net zero plan by 2040, a full decade ahead of the wider commercial sector....

  19-Jan-2023

If you need to open a Solenoid Valve manually, you need a SVOM!

If you need to open a Solenoid Valve manually, you need a SVOM!
  22-Oct-2021
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary