UK building activity recovers momemtum

LONDON - Reuters - The pace of commercial building in Britain rallied in July after hitting a five-month low in June but construction activity continued to lag the average for the first half of 2007, data showed on Tuesday. The report from property services firm Savills Plc (SVS.L: Quote, Profile , Research) showed rising levels of public sector developments boosted the number of commercial property projects undertaken during July despite concerns higher interest rates would stifle demand for commercial real estate.