Monday, September 22, 2008

25% drop in 'new house completions'

Attended the periodic meeting of the Lothian Valuation Joint Board this morning ... there was a "quarterly progress" report on the agenda, usually a fairly non-contentious update on the organisation's work dealing with Electoral Registration, Council Tax, Non-Domestic Rates etc.

Tucked away in a section entitled 'Council Tax - New Dwellings' was the shocking statistic that such activity is down because 'new house completions' across the Lothians have dropped by some 25%.

A pretty sobering indicator of the current economic climate :-(

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