Ireland
UK
Scotland
London
Northern Ireland's construction sector was lagging behind the rest of the UK, according to the latest RICS and Tughans Construction Market Survey.
NI saw an overall increase in activity in the first quarter of 2015 however there was a substantial fall in the amount of public sector work being done.
Northern Ireland was the only UK region where surveyors reported a decline in infrastructure workloads and blamed public spending cuts.Despite the slowdown, a net balance of surveyors are still reporting skills shortages across the sector.
RICS Northern Ireland Director, Ben Collins, said: "The latest RICS and Tughans Construction Market Survey points to a small uplift in overall construction workloads amongst Northern Ireland surveyors in the first quarter of this year, driven by work in the private sector, including private house building and private commercial activity. When it comes to public sector work, though, surveyors are reporting a worrying decline.
"We understand that public money is finite and becoming more scarce. But we would encourage the politicians to recognise the paramount importance of investing in infrastructure and to prioritise funding capital expenditure where possible. As we have said before, there are alternative methods of finance that should be considered."
Michael McCord, Construction Partner, Tughans Solicitors, said: "The latest official figures from the Department of Finance and Personnel confirm that construction output rose in the final quarter of 2014, and today’s figures from RICS and Tughans point to rising activity amongst Northern Ireland construction firms in the first quarter of 2015. However, within the figures, it is concerning that surveyors are reporting falling infrastructure workloads. It continues to be the case that a sizeable amount of the work that local construction businesses are doing is in the English and Scotish markets. What we really want to see is the local construction sector experiencing sustained growth within Northern Ireland itself as well, and infrastructure activity is a very important element of this."
(CD)
