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Associated Press
23-05-2025
- Business
- Associated Press
Greece Construction Industry Report 2025: Output to Grow at an AAGR of 3.4% During 2026-2029, Supported by Public and Private Sector Investments in the Residential, and Tourism Sectors
DUBLIN--(BUSINESS WIRE)--May 23, 2025-- The 'Greece Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)' report has been added to offering. The analyst expects the construction industry in Greece to expand in real terms by 2.3% in 2025, supported by investments in the transport and electricity infrastructure projects, coupled with an increase in building permits issued. According to the Hellenic Statistical Authority (ELSTAT), the total number of building permits issued in the country grew by 14.8% year-on-year (YoY) in the first eleven months of 2024, with the total surface area of buildings for which permits were approved rising by 17.2% YoY, during the same period. Reflecting the positive momentum in the industry, the average construction production index in the country grew by 20.1% YoY in 2024, preceded by an overall annual growth of 9.4% in 2023, according to the ELSTAT. The Greek construction industry is expected to register an annual average growth of 3.4% from 2026 to 2029, supported by public and private sector investments in the residential, and tourism sectors. In March 2025, the country's Interministerial Strategic Investments Committee approved three tourism projects worth EUR1.2 billion ($1.3 billion). Of the total, EUR224 million ($244.1 million) will be invested by an Indian consulting company, GH Hotel and Tourism, for the construction of a luxury holiday villas in Evia, while EUR474 million ($516.5 million) will be invested by US-based real estate company, Hydra Rock Real Estate for the development of a luxury tourist resort in Ermioni, and EUR524 million ($570.9 million) will be invested by a Serbia travel agency company, Astakos Terminal International Commerce and Services, for the development of Platygialos Nautical and Industrial Port in Astakos. Scope Reasons to Buy Key Topics Covered: 1 Executive Summary 2 Construction Industry: At-a-Glance 3 Context 3.1 Economic Performance 3.2 Political Environment and Policy 3.3 Demographics 3.4 Risk Profile 4 Construction Outlook 4.1 All Construction 4.2 Commercial Construction 4.3 Industrial Construction 4.4 Infrastructure Construction 4.5 Energy and Utilities Construction 4.6 Institutional Construction 4.7 Residential Construction 5 Key Industry Participants 5.1 Contractors 5.2 Consultants 6 Construction Market Data 7 Appendix For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: GREECE EUROPE INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/23/2025 08:46 AM/DISC: 05/23/2025 08:46 AM
Bloomberg
21-05-2025
- Business
- Bloomberg
Nordea Questions Norway's Data on Faltering Home Construction
Norway's official data showing sluggish housing construction may skew the real picture, according to analysts with Nordea Bank Abp, who cited competing evidence of a rise in housing starts. A 'nosedive' in the number of building permits toward the end of last year isn't reflecting what's actually happening on building sites, Nordea's economists Kjetil Olsen and Sara Midtgaard said in the bank's new economic outlook published Wednesday. The data is used by Statistics Norway to calculate a housing investment estimate.
