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Why the cost of constuction is set to rise

Don’t take our word for it, below is a recent article from Construction Global on why the costs are set to rise. One word. Brexit. The answer? Extend now as costs will go up at least 20%, materials and labour, this time next year.

“Costs are increasing. June saw the sharpest increase in input prices since September. Whilst inflation following the sharp fall in the pound after the Brexit referendum is now working its way out of the system, it is unlikely that the pound at its current level is pricing in a hard, no deal Brexit. This means that a further fall in sterling is possible should there be no deal. If this is the case, we can expect input prices to be on the increase again. Furthermore, with shortages in skill and materials from the EU post Brexit costs can be expected to keep rising.”

We have teams of labourers ready to start work this side of the Brexit divorce. Ask for Alpana on 02037128943 for a free quotation.

 Click on the image to be redirected to the Construction Global article.

Click on the image to be redirected to the Construction Global article.