Building in Northern Ireland hits new low
Published: 20 May, 2011
BELFAST: Northern Ireland's construction industry continues to suffer from cuts in public spending and the wider economic malaise during the first quarter of 2011, according to a new survey by the Royal Institution of Chartered Surveyors.
Northern Ireland remains the UK region with the largest number of construction sector chartered surveyors experiencing declining workloads, with a net balance of -68, compared to a UK average of +5. This was worse than the final quarter of 2010 when the balance was -52.
RICS Northern Ireland construction's Jim Sammon said it was important new measures were put in place to support the continued investment in infrastructure. "There are things that can be done to create an enabling environment for the construction sector. These include the fast-tracking of economically important planning applications, and introducing domestic water charging to help ensure that money is available for capital spending," he said.