In January 2026, the UK construction sector experienced a notable decline in activity, particularly in London. The total value of projects commencing in the capital during the three-month period leading up to January amounted to £3.6 billion, reflecting a significant decrease of 25 percent compared to the previous quarter.
Decline in Project Starts and Approvals
Both project initiations and main contract awards saw a downturn when compared to the same period last year and the preceding three months. This trend indicates a challenging environment for the construction industry in London, as it grapples with reduced planning approvals and a slowdown in new contracts.
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Bildquelle: Quelle: Foto: Foto: Wim van ‚t Einde
