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Record Construction In UK Regional Cities
Record levels of construction activity are being reported in regional cities around the UK, the latest survey by Deloitte shows.
The firm’s Real Estate Crane Survey UK monitors construction activity in Belfast, Birmingham, Manchester and Leeds and has found that there has been a sustained or increased level of development in each location.
This covers a range of construction sectors as well, including offices, residential, retail and education.
In Leeds, the number of residential units under construction is at its highest level in ten years, with 1,586 new homes being built across five sites. There has also been a boost to activity in the office and higher education sectors in the city in recent months as well.
Over in Manchester, 20 new residential schemes started construction in 2017, while five new office developments brings the total amount of office space being built to 1.5 million sq ft.
“Sentiment towards city centre development is buoyant across all sectors, but it is perhaps the residential private rented sector that is the stand out for 2017,” partner and head at Deloitte Real Estate Simon Bedford asserted.
All of this construction activity means there is likely to be increased demand for scaffolding companies in Leeds and the other regional cities mentioned in the report.
These upbeat figures for regional construction markets are good news after the Office for National Statistics revealed that construction output across the whole country fell by 2 per cent in the three months to November, compared to the previous three-month period.