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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 2017, amidst a buoyant economic growth - 6.9% real GDP growth, 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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Investment in China’s real estate sector accelerated in the third quarter of 2018. The value of investment reached RMB 3,131bn, which represented a growth of 10.3% compared to that in the same quarter of the previous year. Investment in the ...
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The construction industry contributed 5.9% to Malaysia’s GDP in 2017, while total industry growth for the year stood at 6.7%. The construction sector is a major employer nationwide, providing more than 1.75mn jobs in 2017. The industry makes up ...
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Mexico’s construction sector had a lacklustre performance over the period 2012-2017, with its GVA rising at a CAGR of 0.9%. Among the main impediments to the sector’s growth was a change of government policy on housing development in 2013 ...
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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 balanced growth of the sector during the ...
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In Q2 2018, the continuity of financial deleveraging and trade frictions with the US moderated China’s GDP growth to 6.7% y/y from 6.8% y/y in the previous quarter. Due to robust transactions in central and western China, sales of commodity ...
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Turkey’s construction sector has experienced rapid growth in recent years, driven by supportive government policy. The state has launched a series of large infrastructure projects and development programmes that have helped the industry become ...
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The GVAs of the Philippines’ real estate and construction sectors grew steadily between 2013 and 2017, reaching PHP 1,941bn for Construction and PHP 2,085bn for Real Estate and Other Business Activities in the latter year. The good performance ...
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The gross value added (GVA) of the Polish construction sector constituted 6.4% of GDP in 2016. Specialised construction activities accounted for 42.6% of the total construction output, followed by construction of buildings (33.2%) and civil ...
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India’s infrastructure sector grew exponentially between FY2013 and FY2017, primarily due to the government’s focus on sector development. The infrastructure sector struggles with complex regulations that the government has recently tried ...
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