The last few years have been rather difficult for architects in the UK. With 2024 underway, it is a good time to look ahead to see what could happen in the coming 12 months. Let’s do that here, then if you need help from an architect in London, you can speak to us.
Will there be growth?
Figures from RIBA show that the architecture market had a steep decline because of covid. In 2019, the revenue for chartered practices in the UK was over £3.61 billion. It fell to £3.58 in 2020 but then took a huge plunge to £3.02 in 2021. Recovery since then has been slow because of things like high interest rates and the rising cost of living.
RIBA’s expectation is that any growth will be modest in 2024. In fact, they believe we won’t see any until late in the year or even early in 2025. There are still many challenges ahead, including issues with labour supplies.
However, while many will see the lack of growth as a negative, there is a silver lining. The fact the architecture market can expect more stability this year is cause for comfort. Most importantly, it avoids the fear of a massive recession.
Workload expectations
RIBA also regularly does surveys to gauge expectations among architects. Their latest one has an interesting contrast. Smaller practices had more concerns about their workload in 2024, anticipating it would decline. However, larger practices are more optimistic.
Key factors that could improve the chance of success
Whether you are an architect in London or operate in other parts of the UK, there are some crucial things to do to help make 2024 a success. The most important is to ensure you are able to adapt to the market and client expectations.
It is also a great idea to look at certifications and standards. Clients are more likely to work with practices that can showcase their credentials and ability to achieve a high standard of work. Any that focus on the environment and sustainability are particularly important.
Architects also have to show that they have the skills to meet the client’s needs. People want different things from projects today, whether it is a home, an office, or a public space. So, it is important that an architect can show they have the necessary skill set.
Finally, it is important that architects show they can focus on the big picture with projects. The majority of clients today think about how their plans impact the area around them, communities, and the environment. So, it is a good idea to embrace this.
Do you want advice from an architect in London?
Coffey Architects would love to help clients with projects in 2024. We are an award winning team with diverse skills and the ability to come up with innovative solutions for all kinds of needs. Whether it is a home, housing, office, retail, or any other commercial space, we can provide a design that aligns with your goals and aspirations.
So, if you want to work with an architect in London, speak to us. We can answer questions about every kind of architectural topic, such as planning, sustainability, fire safety, and more.