Jump to content
House Price Crash Forum
Sign in to follow this  
rickybruce

Confusing Drop In House Rebuilding Cost Index

Recommended Posts

This is one of a number of figures i keep an eye on. It essentially shows the sum assured on home insurance policies should be revised in line with the costs of rebuilding properties.

http://www.bcis.co.uk/site/scripts/documen...p;documentID=27

The last months figure shows the index figure dropping to -1.7% from 2.4% the previous month, which is the first drop into negative territory since i've been watching it. Can anyone in the building trade confirm if costs have dropped? What else could explain it.

Just has me a bit confuzzled.

Edited by rickybruce

Share this post


Link to post
Share on other sites

I have no knowledge of how this data is compiled but I would venture the suggestion that there is a surplus of building labour supply at present which must be depressing labour costs of build. Perhaps its that?

Thinking about it that must also apply to building supplies and associated trades, architects, cost consultants etc....

Share this post


Link to post
Share on other sites

The falls maybe due to labour costs, although not working myself, hearing the people who are, are taking upto 40% cuts in wages. Also im hearing that house builders are making lower cuts, its just the sub contract baron's who get the work from the house builders are taking advantage of the situation and passing bigger cuts onto the workers and pocketing the difference.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   288 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.