Optimistic outlook for commercial development activity – Savills
Total commercial development activity in the UK during December increased for the fourth consecutive month, says Savills, propelling its Total Commercial Development Activity Index to a net balance of +10.6% compared with the +9.1% reading from November.
For the first time since March, there was an increase in public-sector activity, Savills says, with the net balance coming in at +4.2%. The growth in private-sector activity continued, but the net balance of +14.4% was the weakest reading of the past four months.
Those surveyed remained optimistic about the outlook for the next three months, with the level of positive sentiment the highest for 32 months at a net balance of +9.0%.
