RICS survey shows growing workload

More professionals in the construction sector saw workloads rise than at any time since the end of 2007, according to the latest construction survey from the Royal Institution of Chartered Surveyors. For the last quarter, 10% more surveyors across the country reported rising workloads. One of the main drivers was the boost in private-housing construction.

While still historically low, RICS believes the boost in house building suggests that some Government initiatives are beginning to breathe life back into parts of the nation’s property sector.

Looking ahead, surveyors expect the current more positive trend to continue. A net balance of 27% more respondents expect workloads to rise over the next 12 months. In addition, 22% more respondents anticipate employment levels rising over the coming year.