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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 December 2023, the Brazilian Chamber of Construction Industry (CBIC) had forecast a decline of 0.5% y/y for construction GVA in 2023, after a pace of three consecutive years of expansion above the national economy. However, a recovery is expected ...
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As a result of a low staring point, focused and sustained efforts on the part of the government to invest and attract investments from the private sector, strong public support and robust fundamentals of the domestic economy, the infrastructure ...
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Extra-metropolitan retail establishments and mixed-use communities are proliferating in tandem with the urbanization of the nation. It is anticipated that metropolitan areas, including Metro Manila and Cebu City, will experience a surge in demand for ...
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The Russian invasion of Ukraine changed the European economy, creating an unfavourable business environment. Poland's construction sector has been strongly affected because of its high dependency on energy prices, the outflow of Ukrainian employees, ...
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Amidst a backdrop of pandemic-induced challenges, Colombia's real estate and construction sector demonstrated resilience and growth during 2019 to 2022 but is now facing challenges in Q2 2023. GVA has decreased by 3.7% y/y compared to the same period ...
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The infrastructure sector is among the brightest in the Polish economy. The government considers the sector to be of significant importance to driving the country's economic progress, enhancing living standards and ensuring a sustainable future. EU ...
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In December 2022, the Brazilian Chamber of Construction Industry (CBIC) had forecast a growth of 2.5% y/y for construction in 2023, above the national economy growth rate for the third consecutive year. However, in April 2023, the CBIC lowered the ...
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As the country has developed over the past decade, the real estate and construction industries have continued to expand. The Bangkok Metropolitan Region (BMR) and the Eastern Economic Corridor (EEC) are the principal hubs for real estate activities. ...
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