Downturn online: SOUTH EAST
- Published: 09 September 2008 14:58
- Author: Simon Ellery
- More by this Author
- Last Updated: 09 September 2008 16:45
As expected the South East is being hard hit in terms of the value of private housing being started as well as social housing.
The value of private housing for the first seven months of this year is valued by Glenigan at £878 million compared to £1,902 million for the whole of last year. But the value of planning approvals stands at £1.29 billion.
The value of social housing starts is currently at £182 million which is compares to £488 million for the whole of last year. The value of planning approvals so far this year are £409 million.
The value of industrial developments is holding out against depressed economic climate with the value of starts standing at £234 million. That compares to £202 million for the whole of last year and with planning approvals in the sector at £242 million the sector looks likely to hold out.
Glenigan puts the value of education starts so far this year at £470 million compared to £597 for the whole of 2007.
Meanwhile, the value of medical and scientific work is strong with starts at £180 million for the first seven months of 2008 compared to £147 million for 2007.
Infrastructure work in the South East up to the end of July 2008 stand at £306 million compared to £473 million in 2007.
