Building firms in the UK could be set to enjoy a recovery, as positive signs are being seen in the commercial property market.
BDO Stoy Hayward revealed that, despite some mixed signals, confidence is beginning to return.
A "sharp fall" was seen last month, said head of real estate and construction Solly Benaim, but "encouraging" indicators suggest the market is bottoming out.
He added: "As we head towards the autumn and 2010, we anticipate sentiment within the sector to continue to improve," but called for bank lending to return to normal as this is the "lifeblood of the system".
Last week, the National House Building Council revealed that June saw the highest level of applications to build new homes since July of last year.
Despite the figures remaining relatively subdued in historic terms, they were double the all-time low recorded last December, although chief executive Imtiaz Farookhi explained that liquidity in the mortgage market will be needed for a recovery to be sustained.
