How Has The Recession Affected The UK Construction Industry ...

New construction is down and holding back growth in much of the world. This is as true in the UK as it is in the United States and in other parts of Europe. But, even in these bleak times, there are bright spots. If you?re enterprising enough to take advantage of them, your business can still do well. In this article we will look at where the opportunities are, and what is down trending so that you can make good decisions about where to put your efforts and your business.

Sometimes when you look at the UK construction business in 2011 all you see is the bad. After all, housing down 24%, spending on education construction is down 23%, and spending on roads and bridges is down 7%. This is dreary news, but it isn?t particularly surprising. After all, the economy continues to be shaky. The debt crisis in the Euro Zone is frightening, and the US economy is not rebounding. People are nervous about buying new things, and government needs to conserve.

It seems that there?s always a silver lining in every cloud. In the construction industry it comes in the form of social housing and medical construction. Social housing is up a whopping 19% and medical construction is up 17%. These are pretty impressive numbers, but shouldn?t surprise us. It is no surprise that at a time when the economy is shaky social housing starts are up. Also, our aging population means more and more medical care, so the medical facilities make sense as well. In addition to industry, construction can also be divided by area. The Southeast, Southwest, and West Midlands have all experienced the good amount of growth in the last year.

What this means is that if you run a construction company, you may want to consider looking out of the traditional markets of housing and education and into health and government bids in order to sustain your business. If you follow the trends and provide good value and services where there is business, it will help you survive the tough times. Keep in mind that in most difficult situations a seed of opportunity lies.

During difficult economic circumstances it can be a scary thing to do business. You really need to make sure that you?re watching trends and doing everything you can to protect your business. In this case the bright spots in the construction trade are in social housing and a medical development.

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Source: http://www.songkhlasamila.com/how-has-the-recession-affected-the-uk-construction-industry/

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