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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
Brazil's infrastructure sector has a diverse landscape. While some transport infrastructure sub-sectors, such as road infrastructure, are still dominated by the federal and state governments, others such as the railways have a large participation ...
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In 2023, Colombia's construction sector experienced mixed fortunes. While GVA saw a nominal growth of 7.29% y/y, real growth was negative, standing at -4.15% y/y. This contraction reflects the impact of inflationary pressures and challenges in ...
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In December 2023, the Brazilian Chamber of Construction Industry (CBIC) had forecast a decline of 0.5% y/y for construction GVA in 2023, after a pace of three consecutive years of expansion above the national economy. However, a recovery is expected ...
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Amidst a backdrop of pandemic-induced challenges, Colombia's real estate and construction sector demonstrated resilience and growth during 2019 to 2022 but is now facing challenges in Q2 2023. GVA has decreased by 3.7% y/y compared to the same period ...
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In December 2022, the Brazilian Chamber of Construction Industry (CBIC) had forecast a growth of 2.5% y/y for construction in 2023, above the national economy growth rate for the third consecutive year. However, in April 2023, the CBIC lowered the ...
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Brazil is one of the largest countries in the world and, as such, it has a mature infrastructure sector across different transport modes including roads, railways, ports, waterways and airports. The local transport infrastructure sector has seen an ...
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Transport infrastructure in Colombia has been improving thanks to the promotion of private participation in the development and operation of roads, ports and airports. Since the start of the Fourth Generation (4G) development programme in 2012, ...
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