Architects' hourly rates have dropped for the first time in a decade, while fees have continued to plummet, new figures show. According the latest statistics from the Fees Bureau, sole practitioners are now reporting hourly rates at the same level as in 2007 with sole principals billing at just ￡70 per hour - a drop from a peak of ￡75 per hour in 2008/2009. The 'fee index', which calculates the average fee corrected for inflation, has also fallen sharply. The results suggest the 'real'value of fees is now lower than 10 years ago.
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