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UK construction starts fall to a 12-year low

Budget uncertainty and high costs drive new starts down across all sectors
CoStar Analytics
November 21, 2024 | 2:00 P.M.

New construction starts across the UK fell to the lowest level since 2012 in the third quarter of 2024, as budget-related uncertainty, persistently high costs and rising vacancy affected decisions to start on-site with new schemes.

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