Construction worries could encourage some to rent flats in London
More people may be thinking of looking for property to rent in the London borough of Greenwich after one expert predicted that the building industry may suffer greatly as a result of significant government spending cuts.
Dave Lowery, reporter at Construction News, suggested that the measures are likely to hit hardest in a year or two when current orders for materials that have already been signed by customers are completed.
His warnings for the industry come despite the latest figures from the Construction Products Association and Ernst and Young that showed sales of products were at their highest level for three years.
Mr Lowery said: "I think it is easy to get carried away with it when really it is just an improvement from an incredibly low level."
People may also be thinking about renting flats in London after the Times recently reported that new planning rules may impact on housing construction and industry expert Anne Ashworth noted that first-time buyers should not have expected to receive any boost from the government.
By Charles Mackay
Published 9th July, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
The impact of spending cuts on construction firms and house building may persuade more people to consider flats to rent in the London borough of Greenwich.