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23/04/2008
NI Builders Hardest Hit In UK
Northern Ireland builders are being hit much harder by the slowdown in the property market compared to their UK counterparts, the Federation of Master Builders (FMB) has said.
In a report published yesterday, the FMB revealed that NI builders are reporting a workload of 30% less than the UK average.
Furthermore, the FMB said the slowdown is having a knock-on effect for other trades, such as joiners, glaziers and plumbers.
The group, which represents small and medium sized construction firms, predicted the downturn in activity would last - at least - until the end of the year.
It said that builders are now reporting the lowest level of work since Spring 2006, with NI reporting the lowest levels out of all UK regions.
Maire Devlin, FMB Northern Ireland Director said the recent runaway house price increases, which led to more builders building new houses, meant that the effect of the credit crunch was being accelerated in the North.
(VB/JM)
In a report published yesterday, the FMB revealed that NI builders are reporting a workload of 30% less than the UK average.
Furthermore, the FMB said the slowdown is having a knock-on effect for other trades, such as joiners, glaziers and plumbers.
The group, which represents small and medium sized construction firms, predicted the downturn in activity would last - at least - until the end of the year.
It said that builders are now reporting the lowest level of work since Spring 2006, with NI reporting the lowest levels out of all UK regions.
Maire Devlin, FMB Northern Ireland Director said the recent runaway house price increases, which led to more builders building new houses, meant that the effect of the credit crunch was being accelerated in the North.
(VB/JM)
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Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
