Industry Analysis & Industry Trends
The Building Project Development industry is expected to generate revenue of £16.5 billion in 2012-13, a 1.5% decline on the previous year. Industry value added is forecast to total £7.4 billion, or 0.5% of UK GDP. The industry's performance has deteriorated sharply since the late 2000s, reflecting a collapse in building investment associated with falling housing investment, an escalation in private and public debt, and tight liquidity conditions stemming from the financial crisis. Industry revenue is expected to contract by 6.0% per annum over the five years through 2012-13, matching the decline in the value of total building construction, particularly the slump in the construction of new housing (7.8% per annum) and non-residential buildings (8.1% per annum)... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry are relatively low for new competitors into the Building Project Development industry. Independent operators can effectively enter this industry for a limited period to speculatively develop and market small building projects; however, to maintain long-term participation in this industry, developers must establish a solid reputation for astute project selection and the successful development of buildings.
Competition is very high, with the constant flow of firms entering and exiting the industry and the challenge for new entrants is to establish a foothold in the market while generating reasonable profitability.
Capital equipment start-up costs are minimal as developers typically subcontract construction activity... purchase to read more