Truth About Our Commercial Property Sector - From Those On the Front Line ; Wales Under Scrutiny: How Is the Commercial Property Sector Weathering the Economic Downturn? Robert Llewellyn Jones and Graham Henry Gauge the Views of Key Professionals in the Sector On the State of the Market in Wales and Its Outlook

Summary

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Quantity surveyor view ACCORDING to Ian Parfitt, of quantity surveyors and project managers RPA, when cuts in public expenditure come into effect later this year the construction industry in Wales is "bound to suffer."

He said there had been no improvement in the private sector over the last year while work in the public sector has been mainly on existing projects.

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Extract

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Truth About Our Commercial Property Sector - From Those On the Front Line ; Wales Under Scrutiny: How Is the Commercial Property Sector Weathering the Economic Downturn? Robert Llewellyn Jones and Graham Henry Gauge the Views of Key Professionals in the Sector On the State of the Market in Wales and Its Outlook

"At this time the private sector doesn't have the confidence and banks aren't providing funding to promote private sector growth," he said.

"In any event, even if the private sector took off the gestation period is...

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