Infrastructure
Reserve Bank of Australia Sees Construction Sector Downturns
World Construction Today - The Reserve Bank of Australia has issued a warning that more bankruptcies in the home building sector are inevitable as builders struggle with escalating prices. Due to a sharp increase in expenses, as well as...
Infrastructure
For UK Commercial Property, Goldman Projects 20% Price Drop
World Construction Today - According to experts at Goldman Sachs Group Inc., the government's mini-budget last month caused a sharp increase in the cost of borrowing for landlords, which might cause a 20% decline in UK property values.
According to...
Infrastructure
Ministers Tasked With Future-Proofing The UK Construction
World Construction Today - A coalition of built environment organisations has urged the housing secretary to form a cross-industry taskforce to guarantee that new construction is future-proof.
In a letter to the secretary of state for levelling up, housing, and...
Infrastructure
Amid Dire Forecasts, Construction Sector Grows Again In UK
World Construction Today - For the first time in three months, construction production in the UK rose in September as easing supply constraints helped offset declining demand.
The month had the worst trend for new orders since the start of...
Infrastructure
Weaker Pound Discounts UK Homes For American Purchasers
Due to double-digit price reductions brought on by the weakened pound, American homeowners are looking for deals in the U.K. Real estate in the United Kingdom is now more affordable for buyers paying in U.S. dollars due to the...
Infrastructure
Japan-Australia Begin Work On Tallest Timber Tower In World
World Construction Today - The construction of an eco-friendly 182-meter-tall skyscraper in central Sydney, which will use an eco-friendly wood product, has begun. It is being built by construction companies from Japan and Australia.
The 39-story Atlassian Central is scheduled...
Infrastructure
By 2030, German Construction Will Lack 100,000 Personnel
World Construction Today - Federal government support to boost the number of construction personnel has been welcomed by the German building industry group Bauindustrie. By 2030, according to the organisation, the industry will be 100,000 jobs short.
Since the employment...
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