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UK construction activity tumbles as Iran war pushes up costs, RICS survey shows

RICS said net workloads fell to -12% as builders faced higher material costs, delivery delays and weaker demand.

Summary by Reuters
Activity in Britain's construction sector shrank at the strongest pace in almost six years in the three ​months to March, according to a survey on ‌Thursday that also showed the war in Iran had increased firms' costs.

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Property Week broke the news on Wednesday, May 6, 2026.
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