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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 cꦿivil 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, ware൲housing and storage activities, and operation of car parks and garages.
The COVID-19-induced recession meant it was vital for governments around the world to work hard to counteract the wide-ranging effects of the pandemic. While private invꦅestments may have suffered from the uncertainty of the pandemic, ...
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In 2017, amidst a buoyant economic growth - 6.9% real GDP growthඣ, 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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Following a two-year period of growth driven by tꩲhe 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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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 investme♛nts in ...
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