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TwitterIn 2024, there were approximately 36,000 job vacancies in the construction sector in the United Kingdom. In 2022, the labor demand for construction reached its highest point throughout the timeline. The number of openings in the industry also peaked in 2007 with 26,000 vacancies, coinciding with the end of the housing bubble.
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TwitterLondon was the city in the United Kingdom with the highest costs for constructing a general hospital in 2024. Meanwhile, among cities included in this selection, Leeds was the cheapest one to build that kind of structure. The expenses of such a construction in London were over *** British pounds higher than in Glasgow. The capital of the UK is the most expensive area for public building construction. Hospital bed numbers still in decline The number of hospital beds in the UK has been declining since 2000. Between 2000 and 2020, figures decreased from ******* to ******* number of beds. The reduction in hospital beds is, among other reasons, attributed to technical improvements in surgery rooms, patients with mental health problems being treated in different settings, and most importantly, cuts to NHS funding. However, the number of beds increased slightly again in 2021 and 2022. Increased healthcare spend Despite past funding cuts and declining availability of hospital beds, healthcare spending has significantly increased in the past twenty years. In 2022, expenditure reached a peak of nearly *** billion British pounds, whereas in 2000, this figure amounted to ** billion British pounds. The value of healthcare expenditure as a share of GDP also increased significantly in the past years.
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TwitterFrance was the country with the highest number of construction starts of homes in 2024, followed by Poland, Germany, and Spain. There were also ******* housing construction projects starting in the UK and ******* projects completed that year. Meanwhile, Bosnia and Herzegovina had less than ***** construction completions, and Hungary had ****** home completions in 2024. A hiccup in residential construction in Poland Not only was Poland among the countries with the most homes built on overall terms, but, along with Ireland, it also had the most housing completions per capita in Europe. That was despite the number of housing units completed in Poland declining significantly in 2023 and 2024. Nevertheless, the trend in residential construction had been very positive in the previous years, rising from under ******* in 2014 to slightly under ******* in 2022.
France’s capital region had the busiest residential construction segment France had one of the largest construction sectors in Europe.Although the construction starts of residential and commercial buildings in France decreased in 2024, they still covered **** million square meters. Most of that corresponded to housing. However, that activity was unevenly distributed across the country. The revenue of the building construction and renovation industry in Île-de-France was nearly twice higher than that of the second region in the ranking.
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Pirkanmaa Hospital District (PHD) is undertaking the construction of a hospital in Tampere, Finland.The project involves the construction of a hospital complex and being executed in phases. It includes the construction of three new buildings namely D, L, N and an underground parking facility.It includes the construction of consulting rooms, laboratories, intensive care units, operating theaters, emergency rooms and inpatient wards, and the installation of elevators, safety and security systems.The project includes the construction of a 37,165m2, nine-story building D, a 19,383m2, three-story building L and a 13,784m2, four-story building N.The Building L includes the facility center for children and teenagers and the estimated cost for two building D and L is US$190 million.The Building N includes the construction of a heart center and will cost US$44 million and a 400-car parking building, which is estimated to cost US$31 million.Rakennuttajatoimisto HTJ Oy appointed as the lead consultant, whereas Arkkitehtitoimisto Tähti-Set Oy and Uki Arkkitehdit Oy have been appointed as architects. On October 30, 2014, SRV Group Plc was appointed as PMC contractor.On June 15, 2015, PHD awarded a US$191 million construction contract to SRV Group Plc. However, the final agreement was signed in July 2015.On August 17, 2015, construction works on the project commenced.Construction works for Building N are completed in the third quarter of 2018.Construction works are underway for the Building L and Building D and are scheduled to be complete by October 2019 and January 2020 respectively. Read More
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TwitterIn 2024, land for the development of industrial real estate in some of the most sought after markets in the UK exceeded *********** British pounds. In the fourth quarter of the year, the land value in London ranged between **** million British pounds in East London and **** million British pounds in West London. The Golden Logistics Triangle, referring to the area between Nottingham, Birmingham, and Northampton, had a per acre land value of over *********** British pounds.
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TwitterIn the first quarter of 2025, London West End - Bond Street was the most expensive location for prime high street rents in the UK, with prices reaching 2,500 British pounds per square foot. The West End was ranked ahead of London City, which came in third. In Manchester, the annual costs of rental per square foot of prime retail real estate amounted to 235 British pounds. Retail warehouses Retail warehouses typically range from 50,000 to hundreds of thousands of square feet. They are used for keeping and distributing inventory. Retail warehouses include loading docks, truck doors and large parking lots; also, they may contain a limited amount of office space. Prime retail warehouse properties belong to the wider category of industrial property, along with other real estate types, such as distribution buildings, showroom facilities, manufacturing buildings, cold storage facilities, telecom or data hosting centers, "flex" buildings denoting more than one industrial or commercial facility housed in the same building, and finally R&D buildings. Prime yields of high street retail across Europe Retail real estate prime yields in Europe were the lowest in Zurich, Switzerland, and the highest in Bucharest, Romania in 2025. As could be expected, larger cities in Europe tended to produce lower yields, due to the lower risk associated with these markets. Locations with lower yields tend to have steady occupancy rates and rental growth.
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TwitterIn 2024, there were approximately 36,000 job vacancies in the construction sector in the United Kingdom. In 2022, the labor demand for construction reached its highest point throughout the timeline. The number of openings in the industry also peaked in 2007 with 26,000 vacancies, coinciding with the end of the housing bubble.