Construction insurance specialist, CRL, reports a 20% year-on-year increase in the number of new builds registered with it in the UK and Ireland in the twelve months to end September 2017.
This increase is across almost all sizes of build, from single units to medium-large builds (up to 50 apartments or houses) with the latter category increasing by 73% compared to the previous twelve months. The sharp rise in new registrations is most pronounced in Scotland (125% increase), in the East Midlands (66%) and the East of England (62%). The only notable regional drop was in the South West (4%).
This news follows the announcement that CRL has strengthened its partnership with its insurance carrier, Alpha Insurance, with enhanced limits. This reflects CRL’s twin ambitions of focusing on its core market of SME builders and developers, and expanding its remit to the largest housebuilders in the British Isles.