11 June 2021
Construction output fell by 2 per cent in April 2021 over March, with reductions in both new work (2.9 per cent) and repair & maintenance (0.6 per cent). Latest numbers from the Office for National Statistics (ONS) show that the level of construction output in April 2021 was just under £14bn (a fall of close to £300m from March 2021) and was the first monthly drop since December 2020.
Lee provides restructuring and insolvency advice to a range of businesses and stakeholders. He takes a straightforward approach to, often challenging, situations and remains focused on securing the best outcome for all parties.
21 May 2021
Commenting on the Office for National Statistics’ house price index for March 2021, Stacy Eden, Co-National Head of Real Estate and Construction at RSM, said: ‘House prices continue to defy logic, increasing by 10 per cent in the year to March 2021 and almost 2 per cent in the last month, despite the UK economy shrinking by 9 per cent. This decoupling of house prices and economic growth which we have seen over the years shows the effect of the basic demand exceeding supply rule.'
12 May 2021
Construction output grew by 5.8 per cent in March 2021 over February, with strong growth in both new work (6.7 per cent) and repair & maintenance (4.4 per cent). Latest numbers from the Office for National Statistics (ONS) show that the level of construction output in March 2021 was £14,251m – the highest since September 2019 when it was £14,381m.
11 May 2021
Residential property developers have been targeted with a new tax on their profits, aimed at bringing an end to unsafe cladding on residential developments in the wake of the Grenfell Tower disaster. At a time when the government is aiming to build more homes, will this reduce the number of investors in the sector?
Chris is an experienced restructuring advisor and licensed Insolvency Practitioner, assisting companies, directors, lenders and other stakeholders through financial challenges.
07 May 2021
The IR35 reforms from 6 April 2021 will have a significant impact on the real estate and construction sector. What should businesses be doing to prepare for the upcoming changes?
Grant is an audit partner based in our Aberdeen office. He has over 20 years experience and has worked in the UK, Europe and the Middle East.
Partner, Co-Head of Real Estate and Construction
Stacy is Co-Head of Real Estate and Construction at RSM. He is an experienced audit partner and advises a wide variety of real estate clients in the private and public sector.