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HOUSING CRASH

How will the housing crash affect architects?

If you haven't felt the impact of the credit crunch, you will.

In May this year, the UK housing market was running on 44 per cent less borrowing than in May 2007, according to a Council for Mortgage Lenders' report issued on 8 July.

Imagine if you were surviving on 44 per cent less sleep. After a few days you would underperform, after a week you'd be a liability, and by the end of the month you'd be on the critical list. Something similar is happening to the health of UK house building, and the sickness is spreading from the housebuilders in the thick of the market to the architects that service them.

This exclusive report from Design for Homes chief executive David Birbeck tells architects what to expect and how best to deal with these volatile times.

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