Property News · December 6, 2016

UK office construction forecast to plunge after Brexit vote


Half of all planned developments in central London likely to be postponed at least with a 30-40% decline across the UK, warns estate agents SavillsThe Brexit vote will lead to a slump in office construction, with up to half of planned developments in central London likely to be postponed in coming years, according to estate agent Savills.Commercial development has barely recovered from the post-financial crisis slump, and the uncertainty surrounding the terms of Britain’s departure from the EU will trigger another 30-40% decline across the country in the next five years, Savills said in its annual forecasts. Central London will be worst hit. Continue reading…

Source : theguardian.com
Read more…UK office construction forecast to plunge after Brexit vote

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