Welsh construction sector is poised for growth

The Welsh construction sector is poised for significant growth, the latest data from the Royal Institution of Chartered Surveyors (RICS) UK Construction Market Survey suggests.

The Welsh construction sector grew in the fourth quarter (Q4) of 2015, with the balance of surveyors reporting expanding workloads and activity is expected to continue rise in 2016, with 54 per cent of respondents in Wales predicting an increase in workloads, the aforementioned report suggests.

But almost half (44 per cent) of respondents reported difficulty sourcing skilled workers in Wales during Q4, with shortages in quantity surveyors and the bricklaying trade particularly evident.

RICS Wales director Ben Collins said: "With regard to construction, 2015 ended much as it began, with workloads growing, and surveyors optimistic about the outlook. However, skills shortages remain a challenge for the industry, as do input costs. It is encouraging to note though that the balance of surveyors expect profit margins to improve in the next 12 months."

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