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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.
The real estate and construction sector generates 15% of Russia’s GDP and employs some 12% of the country’s workforce, making it a key economic sector. According to MarketLine estimates, Russia’s real estate ...
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Russia’s construction sector emerged from recession in 2018, with the value of construction works rising for the first time in five years. Growth was driven entirely by large-scale infrastructure projects and works related to the FIFA World Cup ...
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In 2017, amidst a buoyant economic growth - 6.9% real GDP growth, amongst the highest in EU28 – the construction output started recovering from the 2016 decrease and was up by 3.8% y/y to RON 70.2bn or EUR 15.4bn. Construction gross value added ...
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Turkey’s construction sector has experienced rapid growth in recent years, driven by supportive government policy. The state has launched a series of large infrastructure projects and development programmes that have helped the industry become ...
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The gross value added (GVA) of the Polish construction sector constituted 6.4% of GDP in 2016. Specialised construction activities accounted for 42.6% of the total construction output, followed by construction of buildings (33.2%) and civil ...
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Russia’s construction sector plays an important role in the country’s economy, generating 5.7% of the gross domestic product (GDP) in 2017 and employing over 7% of the workforce. The economic downturn of 2015-2016 had a severe ...
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Following a two-year period of growth driven by the general economic expansion and the availability of EU funding, the construction market in Romania experienced a slight shrinkage in 2016, due to a combination of lower construction work volumes in ...
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Construction is a key sector in the Czech Republic’s economy. In 2016, it generated a gross value added (GVA) of CZK 234bn – 5.5% of the economy’s total GVA. Real estate activities generated a GVA of CZK 361bn in 2016 or about 8.4% ...
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Russia’s construction sector generated a gross value added (GVA) of RUB 4.7tn in 2015, accounting for 6.4% of the economy’s total GVA. The real estate, renting and business activity generated a GVA of RUB 12.5tn in 2015, accounting for 17 ...
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The construction market in Romania has been witnessing a rebound since 2013 after a double-digit decline in 2008-2010 because of the global economic crisis. The market growth is led by a recovery in the real estate market and increased investments in ...
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