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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.
After being hit by one of the worst economic recessions in its history in 2015 and 2016, Brazil has started to gradually recover in 2017, achieving a mild GDP growth of 1.2% in average during the 2017- 2019 period. However, the infrastructure sector, ...
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The Thai government’s push on infrastructure development, particularly in the Bangkok Metropolitan Region (BMR) and in the Eastern Economic Corridor (EEC), has been a key growth driver in Thailand’s real-estate and construction sector in ...
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The Polish construction sector generated a gross value added (GVA) of PLN 148.1bn in 2018, accounting for 7% of GDP. As much as 38% of the construction output came from specialised construction activities. It was followed by construction of ...
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In 2018, the construction sector accounted for 7.6% of Mexico’s GDP, 5% of total FDI inflow and 8.1% of formal employment. Over the 2013-2018 period, the construction sector expanded its GVA at a CAGR of 1.3% in real terms, with the main growth ...
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For more than a decade, the construction sector has been a major driver for the Turkish economy’s expansion at rates above 5%. The rapid expansion was supported by favorable demographics and government policies, which included large ...
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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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Both the real estate and construction industries registered growth in 2019 with this positive dynamic being attributed to sustained demand from industries such as IT-BPM and offshore gaming, as well as infrastructure projects in the country ...
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Malaysia has always been regarded as one of the preferred countries for real estate investors due to its investor-friendly policies. However, the property market has been in constant decline since 2012. The construction sector registered ...
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Construction is the second largest economic activity in India and contributes 8% to the total gross value added. Construction sector employs more than 51mn workers, making it the second largest employer in the country. Large employability in the ...
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Construction has always been a favoured tool of the Chinese authorities for stimulating the economy and its development closely reflects that of GDP. The slowdown of China’s economy has resulted in more moderate growth of the sector ...
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