Keywords
Citation
(2002), "Economic news", Structural Survey, Vol. 20 No. 5. https://doi.org/10.1108/ss.2002.11020eab.004
Publisher
:Emerald Group Publishing Limited
Copyright © 2002, MCB UP Limited
Economic news
Economic news
Keywords: Economy, Housing, Construction
The RICS Economic Brief for September 2002 reports that growth has slowed markedly but that the outlook for near-term growth is good despite increased signs of global economic weakness. Occupier demand for commercial property remains weak and construction activity slowed in the second quarter of the year (expenditure on government projects is growing, however). Investor demand for residential property remains high and house price inflation in many areas is being driven by a shortage of homes for sale.