Developer Recovery Index January 2013
The Developer Recovery Index over the past two years has shown how volatile the market has been from month to month. Behind that volatility, the three month rolling index has shown a decline over the course of 2011 with the Index commencing last year as a negative figure. Today’s GDP figures show 0.3% growth in the construction sector while the overall economy shrank in Q4 by that amount.
Peter Foskett of the Property Development team discusses the findings in more detail.
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