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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.
In 2015, the GVA of real estate activities came to PLN 84.106bn, up 5.1% y/y. The sector represented 4.7% of GDP in that year. Real estate and the closely related construction sector together generated over 12% of GDP. Just over 200,000 people were ...
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The value of Poland’s total construction output, including private works and work carried out by unregistered individuals, came to PLN 178bn in 2015, up 2.2% y/y. The official output data for companies employing more than nine persons stood at ...
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The Turkish construction market is highly fragmented, despite the presence of a high number of big contracting and construction companies with vast international experience. Most of the construction companies are family-owned businesses, which have ...
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Construction is one of the most important sectors in the Czech Republic’s economy, generating about 5.6% of the economy’s total gross value added (GVA) 2015. Real estate activities generated about 8.1% of total GVA in 2015. The ...
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