Thousands more construction workers needed to meet housing targets
Original Article Summary
BBC London speaks to various construction industry workers to find out what challenges they face.
PropMatch Curated Analysis
UK needs an additional 140,000-200,000 construction workers annually to meet government housing and retrofit targets, driving up development costs and delays. Industry is pivoting to offsite construction and struggling with retention issues.
Investor Relevance
Labour shortages will increase construction costs, extend project timelines, and may create competitive advantages for developers who secure skilled trades or adopt offsite construction methods. Retrofit requirements will create new market opportunities but require specialist workers.
Original Source:
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