Cautious optimism

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The East Midlands construction market experienced a welcome boost last quarter with workloads edging up for the first time since early 2010, says the latest RICS Construction Market Survey.

Seventeen percent more chartered surveyors in the region reported increases rather than decreases in workloads, while public sector housing projects saw a particularly notable upturn.

With projects on the rise, the region’s chartered surveyors were optimistic that workloads would continue to rise and, as a consequence, profit margins will stabilise over the next twelve months.

Paul Meadows, of Salus Approved Inspectors, said: “The outlook appears to be cautiously optimistic for the future.”