What's New

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. 

October 2018 - UK Housebuilding: Q3 2018, the cow, the train and beyond
In our latest quarterly review of UK Housebuilding, we examine progress in Q3 2018 and the continued undulations in value - as well as embracing the philosophy of Mauricio Pochettino. See Papers

 

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. 

July 2018 - UK construction faces a difficult year in 2018

Experian, where Building Value is an advisor, has re-visited its forecasts for UK construction output which were promulgated in April. This follows what was a much better year in 2017 with output up 5.2% in real terms. In 2018, it is not pretty, however, with a forecast fall of minus 2.1% with the downdraft led by Commercial Work and Public Building. There is better news in 2019 (+1.7%) and 2020 (+3.1%) with Infrastructure the key plus continued resilience in Private Housebuilding. Finally, Commercial Work should steady in 2010.

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.

January 2018 - BVL UK Construction and Building Sector Index 2006 to 2017

Our Index provides a unique view of this great industry and shows that in 2017 its stock market value rose 17.1% to £95.5 billion (comprising 77 constituents). This also means that there have been annual gains in six of the last seven years (with 2016 being the exception at minus 2.3%). In contrast, the UK equity market (which also broke new ground last year) saw the FTSE 100, 250 and All Share Indices rise by just 7.6%, 14.7% and 9.0% respectively. Housebuilders were, once more, the largest sub-sector with a 42% share of the total; neatly, too, they rose 42% in value. Individually, Morgan Sindall was the overall winner with a gain of 92% whilst Carillion fell by almost the same amount i.e. minus 93%. See Papers

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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