What's New

January 2019 - UK Housebuilding in 2018 and beyond: stick & reasons
In our latest quarterly review of UK Housebuilding, we examine what happened in 2018 - namely a 27% loss of value. Borrowing liberally from the late, great Ian Dury, too, we believe there are 'reasons to be cheerful'. See Papers


January 2019 - BVL UK Construction & Building Sector Index 2006 to 2017

Our Index provides a unique analysis of the publicly-listed UK construction and building industry over the past 13 years. It shows that in 2018, the Index, which comprises 75 companies, dropped 22.1% in value to £74.4 billion. This is the worst fall since 2008 at the commencement of the Global Financial Crisis. Individually, NMCN plc was the runaway winner with an extraordinary 58% gain whilst Carillion and Havelock lost 100% of their value with support from Interserve on minus 89%. See Papers

January 2019 - UK construction rescued by housing and infrastructure

Experian, where Building Value is an advisor, has re-visited its forecasts for UK construction output which were promulgated in November last year. As it turned out, 2018 was just positive at +0.8% with 2019 expected to be little different at +0.4%. However, within the latter numbers both private housing (3.3% per annum growth 2019, 20 and 21) and infrastructure (+7 to 8% per annum) will grow over the piece. Commercial work is the biggest loser before a flat year in 2021.

November 2018 - European construction output is forecast to grow at less than 2% per annum through 2021

The latest Euroconstruct Conference, the 86th, was held in Paris in November. It promulgates construction output forecasts for 19 nations and - for these combined - real growth is modest at 2.8% this year, 2.0% in 2019, 1.6% in 2020 and 1.3% in 2021. Of the Big Five, it is Spain (+3.6% average per annum in 2018 through 2021) which leads - with support from Italy and France. The UK, meantime, is tepid with the sole 2018 negative followed by average growth each year of 1.7% in 2019-21 while Germany turns negative in 2020 and, again, in 2021. Of the smaller nations, Portugal (especially) is going gangbusters (average growth per annum of 6.7% over four years) plus Norway and The Netherlands are doing great too. More broadly, in Central and Eastern Europe (here represented by Poland, Hungary, Czechia and Slovakia) growth is exponential with a forecast 13.4% this year, followed by 9.1% next, 3.9% in 2020 and 6.0% in 2021.

November 2018 - a musical autumn

The double bill to end all double bills took place at the O2 in November with The Steve Miller Band and John Fogerty (ex-Creedence Clearwater Revival) and the BVL Board was humbled to be there. Both band leaders are 70 plusers and were breath-takingly good. This was followed by Israel Nash at a tiny venue near Kings Cross - the boy is such a star (in everything that is good about that) and the incandescent Lera Lynn at the Zonnehuis in Amsterdam - and the Board met her after the show. 

September 2018 - Biffy Clyro unplugged RAH

There is only one thing better than Biffy Clyro in concert - electric - and that it Biffy Clyro unplugged. Indeed, it was a magical night at the Royal Albert Hall and a celebration of the band's work; the crowd, including the full BVL Board, knew every word of every song. Marvellous. 

May 2018 - The Shires
This truly dynamic duo are the UK's biggest selling country music act - ever. We would class them strictly as 'alt-country' and the Building Value Board and guests had a super evening at the RAH. It was a great show.
January 2018 - Tony Williams of Building Value ranked Number One

Tony Williams was ranked Number One in Building & Construction in the annual Research Tree Analyst Rankings 2017.

November 2017 - BVL interviews Tony Pidgley of Berkeley for The Property Chronicle

An audience with the great man is a true occasion and he was on fine form. For example: what would like to hear God says when you arrive at the Pearly Gates? "I'll do anything you say, Tony". See Papers

June, July & August 2017 - BVL columns for The Property Chronicle

Building Value's Tony Williams has a monthly column residency with this brand new - and essential - online publication. It is called 'The Property Chronicle' and it specialises in real estate and investment. June's offering looks at Urban & Civic plc, July's is on UK housebuilders and August examines Experian's UK construction output forecasts (with help from Jimi Hendrix). See Papers

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Architecture Holdings
Baggeridge Brick
Citigate Dewe Rogerson
Collinson Grant
Corbett Keeling
Countryside Properties
Englefield Capital
Experian Group
Go Interiors
Hamilton Recruitment
Hardman & Co
DOM Developments
ikon Consultancy
Hopkins Homes
Jasper Capital
Miller Group
Miller Homes
Prosperity International
Prosperity Minerals
Ridgeons Group
Watts Group