Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Regional focus: Wales

In Wales, the sharp contraction in new work output seen during 2012 gave way to growth of 10 per cent in 2013.

Underpinning this were strong upturns in the private housing and infrastructure markets. Both markets are set to increase again in 2014, although at weaker rates than in 2013. 

Private housing output, which increased by 21 per cent in 2013, is forecast to experience weaker growth, with the market peaking in 2015 – possibly before. 

As with other regions, the recent housing upturn is not considered sustainable, especially given that the median house price to median earnings ratio in Wales is currently 7:1, compared with 4:1 before the previous decade’s boom.

In the commercial market the odd large project, such as the £100m Friars Walk retail scheme in Newport, will help.

In the industrial sector new-build volumes are forecast to remain relatively weak, with a very low value of warehouse work. 

Infrastructure and public non-housing will benefit to some extent from recently announced capital spending measures, as well as sporadic major projects such as the new £250m prison at Wrexham.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.