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Construction Market Predicted to Grow Strongly

An industry wide forecast predicts that the construction market will grow by 8% next year, and by 10% in 2026.

Report Predicts Construction Boom

An industry wide forecast predicts that the construction market will grow by 8% next year, and by 10% in 2026.

Believed to be heavily linked to private sector work, improved consumer confidence and increased household spending.

New Housing to Grow Construction Market

The report forecasts that an increase in private housing builds could grow by 13% in 2025 and a further 15% in 2026 which would be a welcomed change of direction following falls of 10% in 2023, and 5% in 2024.

A stronger economic outlook is expected to impact online retail and drive a demand for premises, with civil engineering and industrial starts predicted to grow rapidly.

Investment by the deep discount supermarkets, Aldi and Lidl, is set to be a bright spot within the sector over the forecast period, as plans to substantially expand their estates boost the overall sector growth.

Mick George – Construction Industry Leaders

Our in-depth industry knowledge and experience, plus an unwavering commitment to providing reliable and professional services, has led the Mick George Group to become the number one choice in the Construction Industry.

 

Mick George Construction

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