British architects experience busiest quarter since financial crisis
British architecture is starting to show clear evidence that it is beginning to recover after the sector experienced its busiest period since 2008.
According to dezeen.com, the Arch-Vision quarterly report shows that almost 60 per cent of British architects reported an increase in orders during the third quarter of this year in comparison to the previous quarter. In addition, the number of architects with a declining number of orders has reached its lowest level ever recorded by Arch-Vision, at just 17 per cent.
The report notes:
“The UK has been showing a clear recovery during the last six quarters and especially during the last nine months. In Q3 2013, the British market keeps on improving. This quarter is marked by a strong positive order book and turnover development.”
Predicted further growth in Europe for both 2014 and 2015
The UK isn’t the only European country to see improvements, German architects can also expect a growth of two per cent and Belgium’s sector is also predicted to perform well. However Italian architecture is still struggling and the report said the sector could shrink by almost 14 per cent this year.
Author: Laura Varley Date Written: 13 November 2013