subject: Why Are London Builders Struggling For Survival? [print this page] Why Are London Builders Struggling For Survival?
To be honest there are few homeowners that are likely to be sympathetic to the plight of the London Builders that are currently going to the wall or facing a long run with little or no work in the pipeline. This article takes a look at why the London Builders are facing a bleak future and hopefully provides a few tips for survival.
State of The Property Market
Not only is the property market still in the doldrums but it is likely to remain so for the next five to ten years. This time it isnt just a question of recovery like the last recession as we have a whole range of other problems to contend with that makes the entire situation quite unique.
London builders need property to be changing hands all the time and mortgage or remortgage funds to be spent each time a property changes hands. The moment property stops changing hands then the only funds remaining for property modernization and maintenance are savings and the British homeowners are not the best savers. As a result when credit gets tight the entire London building and construction scene goes down hill.
What about the commercial sector? Lets face it, when David and Nick took over number 10 it was clear that the promised cutbacks would kill off another few thousand building companies over the next few years. What with the state of the property market, the state of the economy and government cutbacks its not rocket science to see what will happen to the London builders in the next decade.
Finding Work Is Really Tough
I get to talk to London builders daily and the I keep hearing the same comments such as Its getting tougher out there or The want it for nothing The latter been that you now have to provide really keen prices to stand any chance of securing a project. To make the situation even worse for London builders, homeowners now realize that they are in a position to get better costs and are driving prices further downwards.
Foreign workers that have flooded the capital over the past few years have also made a huge contribution to driving down costs as you can now get foreign workers posing as tradesmen for prices that were current in the 70s.
So Whats The Remedy for London Builders?
Well for starters you need to understand that this downturn is going to last for quite some time and it may get worse over the next two years because of the government cutbacks. If you do decide you want to stay in the game then you need to start looking at new ways to get work. Buying business leads is currently a cheaper option than conventional marketing as business leads put you in contact with exactly the right type of work within the region you specify.
Once you find a lead provider that suits your needs it is then a matter of a complete review of pricing, how you quote and efficiency because your competitors will be using their internet phones and e-mails to send quotes or to get in touch with customers ten minutes after they post an inquiry for costs. In other words you need to get on top of your game when it comes to getting the work because over the next few years London builders that can continue to get the work will increase their chances of survival.
You can find loads of articles like this at Trade Estimates, one of the UKs fastest growing price comparison site for building services.
by: Tom Norris
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