London contractors market update

london skyline shutterstock_1324957655 lo-res

What impact is the uncertainty around Brexit having on main contractor and MEP contractors’ London workloads?

01 / Introduction

Brexit is dominating the news headlines. However, looking back at London’s construction market over the past 12 months you’d be hard pressed to spot a distinctive “Brexit effect”.

As we’ve shown in our main and MEP (mechanical, electrical and plumbing) contractor market reports for 2018, output and enquiries were comparable to 2017 for main contractors, while MEP output rose slightly, by 10%, across the UK.

In the commercial office market, even with a slowdown in the West End and Docklands, main contractors in central London still recorded similar levels of output to those seen in the pre-financial crash years. MEP for commercial offices told a slightly different story countrywide, with an 8% decrease in output.

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