Hart construction : Regional construction activity increasing means that there will be a rise in the amount of residential and student housing. An improvement in developer sentiment has led to a resurgence in construction activity across five major city centres according to the latest UK Cities Crane Survey. Research conducted by Deloitte Real Estate records an increase of 80 per cent in the number of new schemes starting construction over the last 12 months compared to last year. 45 new projects have been recorded across the five major regional UK cities – Birmingham, Manchester, Leeds, Edinburgh and Glasgow.
Head of research at Deloitte Real Estate, Anthony Duggan, commented on the increased levels of construction: “Compared to the less than positive story last year, our regional research now illustrates a rise in development activity, matching the recent improvement in the UK economy. We have recorded construction increases in office space and student accommodation as demand for both continues to rise. Similarly city centre residential is beginning to appear back on the agenda with a number of schemes breaking ground.
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