LONDON PESSISISM SPREADS TO REGIONAL ARCHITECTS

According to an article on bdonline, architects across the Midlands and East Anglia have followed their London peers sliding into pessimism about what the future holds. The two regions have become increasingly despondent about their pipeline of future work, with a lack of clarity around Brexit said to be causing difficulties in the marketplace.

The article goes on to say that according to the latest RIBA Future Trends survey, sentiment among Midlands and East Anglian practices slipped to zero from +9 in April. While remaining pessimistic, the outlook in London did improve slightly from -7 to -2. Any figure below zero signifies pessimism.

Adrian Malleson, RIBA head of economic research and analysis, said: “Commentary from practices this month continued to reference difficulties caused by the lack of clarity around Brexit. Clients remain cautious, fees are under pressure, and projects are being put on hold or delayed. This complex picture suggests an architectural market that is unsure of future workloads. Many practices face significant downward pressure and uncertainty is a common theme.”

Denise Maguire
Editor 
Plan Magazine