Number of suspended projects on the rise

Glenigan has identified an 80% increase in number of projects being placed on hold during the fourth quarter of this year against the same period last year. In contrast the value of projects being suspended was 68% lower overall.

Office and industrial projects were the two highest sectors that have been put on hold. While on the other hand Office and Infrastructure value were the highest.

Utilities seem to be the one sector that has managed to keep the amount of projects and values down as opposed to a year ago.

Overall the amount of projects being placed on hold can suggest that the industry is still unsure about the future of development due to the social and political events that have taken place in the final quarter of 2016.