- Regional land values | Data from Savills shows that regional land values have continued to grow but at a slower rate in Q3. A shortage of development sites has supported growth.
- Confidence | The latest Future Trends survey by RIBA shows that confidence amongst architects has reached its lowest point (outside of lockdown) since 2009. Only 16% of architects expect workloads to increase and 52% expect them to stay the same.
- Build-to-rent | Research from the British Property Federation and Savills suggests that by 2032 8% of homes for rent will be purpose-built, up from 1.5% today. The sector is expected to increase five-fold and be worth £170bn.
- Robot tunnel | The first tunnel in Britain built entirely by robots has been revealed in the North Hampshire Downs. The automated process can build tunnels more than 10 times faster and at half the cost.
- Financial concerns in construction firms have increased. The latest report by Begbies Traynor shows a 24% increase (to 561) in the number of building firms with CCJs showing they owe more than £5,000. 79,207 construction-related firms we reported to be in “significant distress”, up 9% from a year earlier.
- Infrastructure delays | Nearly one-third of the projects in the £10bn Rail Network Enhancements Pipeline announced by the Government in 2019 have not advanced. The Rail Industry Association carried out its own audit of the programme after the Department of Transport failed to publish its annual progress update.