It must be said, that due to the economic crisis of 2009-2011, the property bubble has well and truly burst. There are many reasons for this, but mainly, people were borrowing far too much money, and that includes the banks themselves!

The end result of this, is that construction of new houses and properties has shrunk by an amazing rate. Again, this is simply because the building work was being done for individuals and companies who were operating almost entirely on pure credit.

Will the market recover? That is an interesting question! Certainly, the long term future of construction is bright - The population is ever increasing, and more houses need to be built. That is a simple fact! The short to mid term outlook is perhaps a little bleaker though.

Until the banks start turning the taps back on for the flow of cash being lent, construction is likely to stagnate. However, there are some interesting opportunities for those companies and individuals who are cash rich. As the old saying goes, it takes money to make money!

For these people, there may never be a better time to buy. Land and house prices are at a low, and the builders that can do the work are eager to pick up contracts. Perhaps this will be the start of a recovery.