Builders are getting more expensive
Series: Experian Global News Release ; 19 November 2004 (2)Publication details: 2004Subject(s): Summary: According to Experian, the global economic forecasting group, in its latest "Construction output price indicators" house construction costs will rise by 16% in the coming year - almost seven times the rate of inflation. Increasingly higher rates commanded by skilled labourers, combined with escalating costs of brown field reclamation as well as local planning constraints, are rendering new build less viable - and this raises questions about the government's target for widespread affordable new housing in London and the southeast of England. http://press.experian.com/documents/showdoc.cfm| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| News article | London News article | WB4045-01 (Browse shelf(Opens below)) | 1 | Available | 128158-1001 |
According to Experian, the global economic forecasting group, in its latest "Construction output price indicators" house construction costs will rise by 16% in the coming year - almost seven times the rate of inflation. Increasingly higher rates commanded by skilled labourers, combined with escalating costs of brown field reclamation as well as local planning constraints, are rendering new build less viable - and this raises questions about the government's target for widespread affordable new housing in London and the southeast of England. http://press.experian.com/documents/showdoc.cfm