Greek Construction Market Prospects Reviewed in New Cutting-edge Timetric Report Available at MarketPublishers.com11 Jun 2014 • by Natalie Aster
LONDON – Greece’s construction sector is primed to post a 0.32% CAGR over the forecasting period to be valued at just over USD 3 billion by 2018-end. The market will likely owe its growth to investments in the leisure & hospitality category, resulting from the efforts undertaken by the government to promote the domestic tourism business. Meantime, decreasing disposable incomes, rising unemployment rates and austerity policies are expected to have an adverse effect on the market’s development.
Employers reduced jobs and salaries alongside austerity measures, forcing companies to down-size and release unused space at their offices in the market, leading to reduced rental charges. In 2014, though the national economy is primed to exhibit growth of 0.6%, it will likely take longer for the overall office market to gain strength; the category is poised to value just over USD 1 billion in five years’ time. Meanwhile, the investment in retail properties will likely be influenced by a reduction in consumer spending, owing to weak conditions of the labour market. The category is set to increase at just a 0.01% CAGR and be worth close to USD 817 million by 2018.
New market research study “Construction in Greece – Key Trends and Opportunities to 2018” elaborated by Timetric is an indispensable source of unbiased insight and comprehensive analysis on the Greek construction sector.
The report provides historic (2009-2013) and forecast (2014-2018) valuations of the local construction industry (utilising construction value-add and output methods); market segmentation based on sector and project type; breakdown of values within each type of project (by type of activity and by cost type). It features a review and deep examination of key industry related issues, like cost management, regulatory framework, prices and funding. Detailed top-level company profiles are enclosed in the report, which is key to taking the upper hand over rivals. The research study takes a shrewd look at what impact the industry issues and trends are having, and also what major opportunities and risks they are bringing forth.
Construction in Greece – Key Trends and Opportunities to 2018
Published: June, 2014
Price: US$ 1,950.00
More new market research reports by the publisher can be found at Timetric page.