Have local events or conditions affected the built-environment market?
Planning
Surveying
Local Event / Condition
Engineering
Country
Architecture
Region
Cyprus
Y
-
-
-
Malta
Y
-
N
Government policies which favoured increased foreign high-income residents, and liberalized planning policies which boosted demand for residential accommodation and offices.
Europe
Other
The bail-in of the two major Banks and the economy collapse
United Kingdom
Y
Y
Y
--
Brexit, a shortage of housing units, uncertainty around the situation in international trade, access to migrant construction labour, notes re the forecast size of the country's construction market in 2020: The Construction Product Association (CPA) have a forecast of a small contraction in 2019 of -0.4%, then modest growth of 1.4% in 2020. This assumes an orderly Brexit, so it could turn out to be very different.
Hong Kong SAR
Y
-
-
-
The government undertook to consider and implement a number of positive measures after 1 July 2017.
Australia
Y
--
Y
-
High house prices, lower demand, slowing infrastructure markets, tighter lending conditions as a result of a royal commission into banking practices, a sustained housing boom over last 5 years fuelled by National Govt subsidies on residential property investment, low interest rates and the lack of a recession (modest to strong GDP and population growth).
Fiji
Y
-
-
-
Political stability
New Zealand
Y
-
-
-
Earthquakes, flooding, storm events, heavy housing shortage
Pacific
Survey of the Built Environment Professions in the Commonwealth
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