Putting a big dent on economic growth
by Gus Andall
As we celebrate our Twelfth anniversary, we are eager to take this opportunity to continue to make the Builder`s Guide Magazine an ever-expanding resource for our readers by providing fresh articles, reader-friendly layouts and reliable sources to help youimprove your homebuilding experience. We look forward to consulting with our panel of experts as we strive to bring you the best information possible.
One of the dreams many of us entertain over the years is building our own home from the ground up that reflects our unique perspective on life style and family needs. Construction activities have dominated the Grenadian landscape before and after Hurricane Ivan and Emily damaged over 90% of properties in September 2004 It appears that the market is not as robust today as it was in previous years according to industry experts, the expected downturn in the market could end up costing many jobs, putting a big dent on economic growth over the next few years. The industry has been one of the better performing sectors of a sluggish economy over the past decade.
Recent tax concessions on building materials for additions and alterations have risen steadily for accommodation in expectation of cricket world cup The lack of cement that plagued the industry and brought construction to its knees in 2005/6 is now showing signs of improvement. The shortage of basic building materials is still cause for great concern for many contractors and their clients.
The good news is that contractors, building authorities and government indicated a number of new projects expected to commence in 2007.
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