European crisis hits architects' profits

摘要

The crisis gripping Europe has hit architects' profits, with top practices' fees suffering a 50% drop in central and eastern Europe this year. Western Europe showed a modest increase of 5.5% but architects' outlook for the region remains particularly gloomy. Nearly three-quarters of practices polled for the latest World Architecture 100 survey say they expect the market in western Europe to decline or stagnate in 2012. In an illustration of the hammering western Europe has taken, the firm that consistently tops the region's earning charts - BDP - took £ 13 million less this year than it did in 2010.