Property experts say the housing market cannot bottom out until confidence returns to the jobs market.
September was another bad month for the construction sector, with activity falling at its sharpest pace in 16 months.
The latest negative data from the Ulster Bank Construction Index comes after the previous two months showed the rate of decline had eased.
Chief economist with Ulster Bank Simon Barry said: "One of the factors holding back the level of activity is that there's still a lot of lingering uncertainty about people's job and income prospects."
No comments:
Post a Comment