Construction Sector Slows

Posted on November 12, 2011 The latest quarterly survey by the Office for National Statistics shows a fall of 0.6% since the last quarter and a fall of 1.8% compared with the same quarter last year. (Where the construction industry is defined as: construction and demolition work, civil engineering, new Continue Reading

Commercial Property Market 2011

The Bank of England reports that 4 out of 5 loans to property owners and developers are in breach of their loan-to-valuation covenants. A total of £243 billion of commercial property loans exist and hang over the whole market. The risk is that property valuations have been maintained artificially high in an Continue Reading

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