According to Cresme, in 2021 the global construction market will reach the record level of €8,807 billion (+6,4% on 2020) and will continue to grow at an yearly rate of around 3% through to 2025.
The construction sector is also driven by renovations, which have reached an all-time high
Construction volume in the Euroconstruct area will grow by 3.8% in 2021, following a slump of 5.1% in 2020.
Construction spending grew by 4,7% in 2020. Total new home starts tot up 1.38 million homes (+7%), the highest annual level since 2006
According to the latest Euroconstruct forecast, the construction volume in Europe is estimated to have slumped by 7.8% in 2020, but should grow by 4.1% this year, as well as by 3.4% and 2.4% in 2022 and 2023.
In the first nine months of 2020 US tile consumption dropped 11.6%, US production lost just 1.5% while imports fell by 15,8%
Uzbekistan’s capital Tashkent is attracting the interest of real estate investors, with three projects currently underway in the city-centre district of Yakkasaray.
The new forecasts were presented at the 89th Euroconstruct Conference in Stockholm on 12th June 2020.
AIA, the American Institute of Architects, has revised down the 2020 projections to an 11% decline
Total new home starts grew by 3.2%, while new single-family home sales were at their highest level in twelve years: +10.3%.
The Limena-based company has been tasked with renovating the roof tile factory in Leskovac with the aim of improving product quality and automation
The Uzbek government has launched a major investment programme covering a range of sectors including construction