“January’s data shows the commercial development sector moving forward from December’s 35-month low on the strength of a rise in private projects: while the fall in activity has mostly been linked to slower growth in public sector work, it is positive to see growth in five of the nine tracked categories.
“All three monitored UK regions recorded higher levels of commercial activity in January, and with the ‘Big Six’ UK cities outside of London seeing £3.2 billion of investment in 2015, a rise of 16 per cent year on year, it is interesting to see investor focus shifting outwards from London and the South East. However, constraints on the sector remain, with anecdotal evidence indicating more macro concerns such as planning consents are behind January’s fall in developer sentiment.”
For further enquiries, journalists can contact:
Johnathan Priestley, Cicero Group
Phone: 0207 297 5954
Rachael Snelling, Aldermore
Phone: 0208 1853 102
Notes to Editors:
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