This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Commercial Property Developers Show Increased Confidence in UK

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


United Kingdom  London  Matt Oakley  real estate developers  Michael Pillow  Markit Economics Ltd  National Institute of Economics  Savills Total Commercial Development Activity Index  National Institute of Economic and Social Research 

Commercial Property Developers Show Increased Confidence in UK

By - Tuesday 17 April 2012

Commercial property developers in the UK have put their faith behind the economy's ability to avoid the fated double dip recession, as the Savills Total Commercial Development Activity Index for March rises to its highest level since February 2010. According to the report the index rose to 13.1% in March, from a negative 3.6% in February, which was the first time the index had risen in nine months according to Savills. Savills said that a positive number indicates improvement in the index, while a negative on indicated deterioration, and the degree of change is in the number.

Thanks to the 0.1% growth in Q1, the UK narrowly avoided the double dip recession, as it did not see two consecutive quarterly declines according to a report by the National Institute of Economic and Social Research. 

"Developers are becoming slightly more optimistic about the prospects for economic growth," Matt Oakley, head of commercial research, said by phone. "People are beginning to embrace the idea that a double-dip recession isn’t inevitable."

The Savills survey of 200 real estate developers, which was compiled by Markit Economics Ltd, found a general increase in confidence among developers. According to the report only 12% of developers reported a decline in output in March, while a quarter of developers reported an increase. Some 18% of respondents predicted economic expansion would lead to increased development in the next 3 months, while 10% predicted a decline.

"Encouragingly, this recovery appears to be broad-based and not just London-focused," Michael Pillow, head of building consulting at Savills, said in the report. "With development activity rising at its strongest rate for two years, it is clear that developers are anticipating a demand-side improvement."

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus