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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.
Construction is the sixth-largest economic sector in Colombia, accounting for 6.8% of the country’s GDP, 3% of total FDI inflow and 6.3% of formal employment in 2017. Over the 2012-2016 period, the construction sector emerged as one of the main ...
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Investment in China’s real estate sector accelerated in the first quarter of 2017. The value of investment reached RMB 2,129bn, which represented a growth of 10.4% compared to that in the previous quarter. Investment in the residential ...
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The Indian real estate industry, which currently accounts for 5.2% of the Asia-Pacific real estate market and 5-6% of India’s GDP, has a huge multiplier effect on the economy, and is poised to account for around 13% of GDP by 2028. It is the ...
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Thailand’s real estate and construction sector accounted for 8.8% of the country’s GDP in 2017. The real estate sector alone reported GVA of THB 964bn, while the construction sector posted GVA of 399bn in 2017. Real estate and ...
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Indonesia’s real estate and construction sector is a major driver of growth for the country’s economy. The sector generated 13% of the country’s GDP in 2017, ranking fifth after manufacturing, oil and gas, trade and agriculture. The ...
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The real estate sector is a major factor for China’s economy growth, accounting for 6.5% of the country’s GDP and 22.1% of the overall fixed asset investment as of 2017. The residential building subsector is the largest in the ...
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Russia’s construction sector plays an important role in the country’s economy, generating 5.7% of the gross domestic product (GDP) in 2017 and employing over 7% of the workforce. The economic downturn of 2015-2016 had a severe ...
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Construction was one of the sectors most affected by the deep economic recession in Brazil. The construction activity has been declining since 2014, due to the ailing economy, high inflation, restricted credit supply, low government ...
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Following a two-year period of growth driven by the 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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Despite ranking among the ten largest global economies and being responsible for more than half of South America’s GDP in 2016, according to October 2017 estimates by the IMF, Brazil has the most inadequate infrastructure of the ...
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