1. Market Research
  2. > Construction Market Trends

Construction in Greece - Key Trends and Opportunities to 2019

  • September 2015
  • 75 pages
  • Timetric
Report ID: 3311636


Table of Contents

Search Inside

In real terms, the Greek construction industry suffered a sharp decline in the wake of the financial crisis, contracting by 76.4% between 2008 and 2014. This decline reflects the sharp contraction in the country’s economy amid the wider financial crisis in the eurozone region.

The deterioration in the government’s finances, alongside weak business confidence and consumer demand greatly affected demand for construction activity during the review period (2010–2014).

Growth prospects are also limited over the forecast period (2014–2019), owing to a weak property market, subdued public spending and lack of investor confidence. The latest round of elections in September 2015, which resulted in a victory for the incumbent Syriza government, has at least brought about some stability in the political environment.

In real terms, the industry’s output value registered a compound annual growth rate (CAGR) of -25.35% during the review period. Over the forecast period the contraction will be at a slower pace, at a CAGR of -1.98%.

Timetric’s Construction in Greece – Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Greek construction industry including:

- The Greek construction industry's growth prospects by market, project type and type of construction activity

- Analysis of equipment, material and service costs for each project type in Greece

- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Greek construction industry

- Profiles of the leading operators in the Greek construction industry.

- Data highlights of the largest construction projects in Greece

This report provides a comprehensive analysis of the construction industry in Greece. It provides:

- Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Greece using construction output and value-add methods

- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

- Analysis of key construction industry issues, including regulation, cost management, funding and pricing

- Detailed profiles of the leading construction companies in Greece

Reasons To Buy
- Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies

- Assess market growth potential at a micro-level with over 600 time-series data forecasts

- Understand the latest industry and market trends

- Formulate and validate business strategies using Timetric's critical and actionable insight

- Assess business risks, including cost, regulatory and competitive pressures

- Evaluate competitive risk and success factors

Key Highlights
- In order to improve the country’s transport facilities, the European Investment Bank (EIB) has approved EUR815.0 million (US$1.05 billion) for the development of the country’s transportation infrastructure. This amount is to be invested in the construction of 239km of new highways, and the renovation of 434km of motorway road on the Patras–Athens–Thessaloniki transport corridor. This financial aid by the EIB will help construction activity for the infrastructure market over the forecast period.

- In June 2015, Greece became the first developing country to default on a loan repayment to the International Monetary Fund (IMF). In subsequent negotiations, a number of austerity measures were imposed by the European Union (EU) as a pre-condition for a third bailout package. These conditions will continue to undermine growth prospects in the industry. A decline in manufacturing confidence and weak export demand is also expected to hamper growth.

- To improve the depressed housing market, the government approved residence permits for non-EU citizens in 2013, as also adopted by Spain and Portugal. These permits will be offered to non-EU citizens who invest EUR250.0 million (US$326.0 million) in property. The permit will be valid for five years and open for renewal until the holder possesses the property. This initiative is likely to attract foreign investments in the housing market, supporting the residential construction market over the forecast period.

- In July 2015, Greece announced its alliance with Russia for the development of the Turkish stream line project called as Trans Adriatic Pipeline (TAP) in the country. The project is aimed at enhancing the security of supply and diversifying gas supplies for the European markets. The project is expected to start in 2016 and be completed by 2020.

- In order to develop the country’s transportation infrastructure, the government is investing in various railway infrastructure development projects, such as the construction of a 19.4km long underground public transport system in Thessaloniki. The project is scheduled for completion in 2018. Another major investment includes the construction of the Attiko metro line in Athens, which is expected to be completed by 2026.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Building & Infrastructure Construction Industry Databook for 20 Countries – Market Size & Forecast by Value and Volume across 40+ Market Segments in Building Construction and Infrastructure Construction (2012 – 2021)

  • $ 8900
  • Industry report
  • April 2017
  • by ConsTrack360

The global construction industry in value terms increased at a CAGR of 9.6% during 2012-2016. Over the forecast period of 2017 to 2021, the industry is expected to record a CAGR of 9.9%, increasing from ...

Global Building Construction Industry Databook for 20 Countries – Market Size & Forecast by Value and Volume across 30+ Market Segments in Building Construction (2012 – 2021)

  • $ 6900
  • Industry report
  • April 2017
  • by ConsTrack360

During the review period, value of global building construction industry recorded a CAGR of 11.3%. CAGR during the forecast period of 2017 to 2021 is expected to be 11.2% with value reaching US$ 10,682.3 ...

Analysis of Key Sectors of Colombia: Agriculture, Healthcare, Construction, Mining, Manufacturing and Transportation Markets (2017 - 2022)

  • $ 6000
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

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 ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.