NCC’s Post

We’ve published a new blog post detailing the significant developments in the Irish construction industry. Key topics include: • The recent increase in residential and commercial construction activity. • Drivers such as new apartment projects, the recovery of the hotel market, and demand for student accommodation. • Ireland’s role as a centre of excellence for Modern Methods of Construction (MMC). • The growing emphasis on sustainability and green building practices. • Technological advancements impacting the construction sector. There are many opportunities available in this sector. Read the full blog post here: https://lnkd.in/eiCYjzqx #ConstructionGrowth #IrelandConstruction #NectoSelection #IndustryInsights #ConstructionOpportunities Aaron Linden Shane McEntegart NECTO Search & Selection

📈 London Reclaims Its Spot: The World’s Most Expensive Construction Hub! 🌍 London has once again topped the charts as the most expensive city for construction globally. This position highlights the dynamic and challenging nature of the building sector in the capital. As costs rise, the industry faces unique pressures but also opportunities for innovation and efficiency. Learn more about what drives these costs and how businesses are adapting to maintain momentum in such a competitive environment. Discover the full insights from the article here: https://lnkd.in/ep6USsbd #ConstructionCosts #LondonConstruction #Insite #ConstructionInnovation #MarketTrends

2024 is shaping up to be another busy year for developments in the North West! This article by Place North West highlights 10 of the major schemes to keep an eye on this year: https://lnkd.in/ek8d_R5c #northwest #construction #newdevelopments

Lots of interesting issues explored in a recent #MMC roundtable at the Expo Sunderland including: 💡 Need for industry & education to create new courses outside of traditional construction 💡 How a new generation of construction workers can drive MMC forward (in face of mass retirement of traditional construction workers) 💡 Tackling perception problems around cost and quality of MMC 💡 Learning from each MMC project – and how you won’t get it right every time https://lnkd.in/dD24tXKq There were also a diverse range of perspectives and views on this roundtable, such as those from Joanne Gordon, homes and development director at Sunderland-based housing association, Gentoo Group who spoke about MMC risks that she’d seen first hand. Read the experiences and advice from paul jones Professor of Architecture at Northumbria University, Scott Bibby, country manager UK and Ireland at Etex, Peter Forsyth, director of strategic initiatives at McCarthy Stone, Richard Marsden, managing director of Sunderland-based architects and engineers Building Design Northern, Neil Guthrie, development director, Sunderland City Council, and Richard Crosby, director at Seismic Group. #ukhousing #ukconstruction #socialhousing #housebuilding #modernmethodsofconstruction #modularhomes #modularhome #buildings #construction #Modular #Movingtomodular #volumetric #Exploreoffsite #MoreBetterFaster #netzero #sustainability #offsite #constructionskills Housing Digital

The Czech industrial real estate market has experienced a major boom in construction activity in 2023, says Colliers ► https://lnkd.in/d-a3-YX9 Josefina Kurfurstova #commercialrealestate #propertyinvestment #realestateinvesting #realestatetrends

Australia’s construction industry has an intractable productivity problem that has played out for 30 years; rather than doing more with less, we are seemingly doing less with more. As housing costs spiral and productivity growth stagnates, bespoke building is a luxury we can no longer afford, and for some projects, the only solution is standardization. Read more: https://lnkd.in/gFyFy27g #AustralianHousing #Construction #HousingAffordability

Observations on the Twin Cities Industrial Market (MCRE market report below) - Signs of weakness in for Lease market - Record deliveries/new construction as demand softened - Smaller spaces still leasing quickly - Larger (above 40k sf spaces) sitting longer - New construction is largely paused - High construction costs impacting Tenant Improvement projects

London has reclaimed its title as the most expensive city in the world for construction, according to the latest data from Arcadis' International Construction Costs 2024 report. This comprehensive study evaluates construction costs across 100 cities globally, considering a range of building types. The report attributes London's top ranking primarily to an increased burden of regulation and red tape, significantly impacting construction costs. Notably, all seven British cities listed in the report rank among the top 20 most expensive globally, highlighting the unique economic landscape of the UK's construction sector. The findings also reveal variations within the sector; while residential construction has declined, commercial construction has seen a substantial increase driven by retrofit projects. This reflects the city's adaptability to changing market conditions amidst global economic challenges. For businesses and professionals in the construction industry, staying informed about these trends is essential for strategic planning and making informed investment decisions.

🏗️ London Leads the Pack in Construction Costs 🌍 London's skyline is a testament to innovation, ambition, and unfortunately, a soaring price tag. Once again, London has emerged as the most expensive city in the world for construction, surpassing even the glitzy heights of Munich and iconic cities like New York and San Francisco. Why is building in London costing us top dollar? The factors are multifaceted. Despite moderate inflation, UK and Irish cities have witnessed a significant cost hike due to enhanced building safety and sustainability specifications. These changes, driven by a collective push for greener and safer buildings, have increased construction expenses beyond standard inflation rates. In addition to the impending policy uncertainties brought about by future elections, we find an industry bracing for a potential flux in regulations that directly impact project viability. This trend isn't isolated to London. Across the UK and Ireland, with the exception of Belfast, construction costs have placed cities firmly in the top echelons of expensive locations to build. It's a wake-up call for anyone in the construction sector, from Quantity Surveyors to Building Control Officers like the advertised role at Swansea Council, to innovate and adapt to these economic pressures. Looking ahead, what does this mean for our industry? How do we continue to build and grow economically viable while adhering to the necessary regulations and societal demands for sustainable development? These are the questions that we, as professionals, need to address to balance aspirations with practicality. For now, let's keep our eyes on the horizon and our blueprint for innovation. The construction landscape is changing, and we are the architects of its future. #ConstructionEconomics #LondonBuilding #BuildingTalent

🏗️ London Leads the Pack in Construction Costs 🌍 London's skyline is a testament to innovation, ambition, and unfortunately, a soaring price tag. Once again, London has emerged as the most expensive city in the world for construction, surpassing even the glitzy heights of Munich and iconic cities like New York and San Francisco. Why is building in London costing us top dollar? The factors are multifaceted. Despite moderate inflation, UK and Irish cities have witnessed a significant cost hike due to enhanced building safety and sustainability specifications. These changes, driven by a collective push for greener and safer buildings, have increased construction expenses beyond standard inflation rates. In addition to the impending policy uncertainties brought about by future elections, we find an industry bracing for a potential flux in regulations that directly impact project viability. This trend isn't isolated to London. Across the UK and Ireland, with the exception of Belfast, construction costs have placed cities firmly in the top echelons of expensive locations to build. It's a wake-up call for anyone in the construction sector, from Quantity Surveyors to Building Control Officers like the advertised role at Swansea Council, to innovate and adapt to these economic pressures. Looking ahead, what does this mean for our industry? How do we continue to build and grow economically viable while adhering to the necessary regulations and societal demands for sustainable development? These are the questions that we, as professionals, need to address to balance aspirations with practicality. For now, let's keep our eyes on the horizon and our blueprint for innovation. The construction landscape is changing, and we are the architects of its future. #ConstructionEconomics #LondonBuilding #BuildingTalent