The Construction Centre Comments on the UK Housing and Construction Markets
Summary
Kenilworth, United Kingdom, May 16, 2008 --( The Construction Centre said that although the housing market was seeing a downturn in pricing this would not necessarily negatively affect the overall situation.The CIOB also reported that despite the credit crunch over 40 per cent of people responding to their latest survey believed that construction projects would increase during 2008.Richard Simmons, Managing Director at The Construction Centre said “I am worried that the media has unashamedly over emphasised the state of the economy and continues to place fear into the hearts of all householders which will not only compound the issue but serve to make it a self fulfilling prophecy.In the first instance The Construction Centre drew particular attention to national concern regarding the housing market which has been affected by the credit crunch and reduction in available mortgage funds.The CIOB also reported that despite the credit crunch over 40 per cent of people responding to their latest survey believed that construction projects would increase during 2008.