Constricted movement of labour into the UK may augur problems for its construction sector.
Otherwise, there may be comparatively little in the way of construction activity lined up for Britain. Compounding Britain’s perceived construction woes is the fact that levels of inward investment in British commercial real estate dropped by almost half in the first six months of the year, reported BDO.
In the City of London alone, more than GBP650 million (USD860 million) in deals have fallen through as a result of the referendum, driven mainly by concerns over finance and technology companies relocating to continental hubs like Paris, Dublin, Amsterdam and Frankfurt.
Source:Asia Property Report
Cranes puncture the London skyline above Granary Square. Image credit: SarahTz (Flickr)