German architects busiest in Europe
German architects continue to perform well ahead of those in the rest of the continent, a report has revealed
The Quarter Four (Q4) 2011 Architectural Barometer showed that German architects’ combined turnovers and order books were up on the previous quarter.
Practices in Holland, France, Spain and Italy reported falling average turnovers and order books, dramatically so in the latter two cases.
In the UK, the other country monitored in the survey by market research body Arch-Vision, architects reported broadly flat figures on the previous quarter.
German figures have risen consistently since the third quarter of 2010, while those of the other five countries have continued to languish well below pre-recession levels.
The report said a hike in building volumes could be expected in Germany during 2012, while overall European volumes were expected to be slightly down on 2011.
The figures reflect the findings of a poll by the Royal Institution of Chartered Surveyors last week.
The RICS survey showed Germany was the only European country expecting an improvement in commercial property values in the first three months of 2012.
RICS chief economist Simon Rubinsohn said Germany’s commercial sector was benefiting from eschewing the sub-prime credit boom that preceded the crash.
He added: ‘The survey highlights the difference in the developed world between those countries that largely shunned the sub-prime credit boom, such as Germany, and those that participated in it.’