Table of Contents
The report covers developments in the SEE construction and real estate sectors in the period from April 2014 till April 2015.
After years of contraction, construction activity expanded in most counties in Southeast Europe in 2014. The expansion was helped by increased demand for construction works amid the recovering economies. Increased use of EU funding also played a significant role as 2014 was the last year countries could use funds under the previous 2007-2013 programming period.
The outlook for the industry's development in 2015 is optimistic with most countries in the region expected to strengthen growth this year amid the recovering EU economies, which are the region's main trading partner. The civil engineering sector is again expected to be better positioned than the buildings construction and the pace of expansion will depend on the absorption of EU funds.
The crisis in Ukraine, however, continues to pose a risk to the European economies, especially those in south-eastern Europe. Economic growth in the region will be negatively affected in case of extended sanctions on Russia.
Commercial property investments in Central and Eastern Europe (CEE) shrank by 27% in 2014, after jumping 37% the year before. Romania attracted the highest volume of investments of the countries under review in this report. Bulgaria followed, ahead of Croatia, Serbia and Slovenia. The outlook for CEE, however, is positive with investment flows seen up 30% to reach $24.4bn in 2015.
The real estate market in SEE countries did not see major developments in 2014. The office market in many of the country stagnated or witnessed limited supply. The retail segment reported mixed results with Albania and Bulgaria adding new supply, while Croatia, Macedonia and Serbia remaining broadly at the levels of 2013.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
“Plasterboard market projected to grow at a CAGR of 5.7%” The plasterboard market size is projected to grow at a CAGR of 5.7% during the forecast period of 2016–2021 and reach USD 23.85 billion ...
Colombia is the 4th largest economy in Latin America after Brazil, Mexico and Argentina. Population wise Colombia is 3rd largest in Latin America accounts to 47.66 million inhabitants in 2015. It is the ...
“The global concrete cooling market is projected to grow at a CAGR of 5.7% from 2016 to 2026” The global concrete cooling market was valued at USD 936.0 million in 2015 and is projected to reach USD ...