Calls for measures to boost UK residential and commercial property markets | Europe | News
Measures to encourage growth in the residential and commercial property sectors should feature in the next UK Budget, according to Royal Institution of Chartered Surveyors proposals issued today (Wednesday February 16).
Property and construction act as significant drivers of growth in the wider economy, it points out. Every £1 spent on construction contributes £2.84 to economic activity and the industry employs around 900,000 people. The value of all property in the UK is over £4,500 billion and the sector employs some 500,000 people. By encouraging activity in these sectors, the Government will be able to promote economic recovery and provide long term, sustainable growth, the paper says.
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