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.
The construction sector is the backbone of the Indian economy and as such is one of the key focus areas of the government in its fight against the COVID-19-induced economic slowdown in the country. The construction sector offers direct and ...View more details
In Q4 2020 and the first few months of 2021, China’s construction sector has continued to accelerate recovery from COVID-19. Thanks to the firm control of the spread of the pandemic, the country has recorded positive results across ...View more details
The COVID-19 outbreak shaped the construction industry in Latin America during 2020. The economy of the four largest markets, namely Brazil, Mexico, Argentina and Colombia, contracted significantly over the year. The construction ...View more details
The Polish construction sector generated GVA of PLN 144.1bn in 2019, which corresponded to 6.3% of the country’s GDP. Of the PLN 230.2bn construction and assembly production value (realised by construction firms), 45.6% was ...View more details
In 2019, the construction sector accounted for 7.1% of Mexico’s GDP, 1.2% of total FDI inflow and 7.8% of formal employment. During the 2014-2019 period, the construction sector contracted its GVA at a CAGR of 0.31% in ...View more details
In the first three quarters of 2020, amid the ongoing COVID-19 pandemic, the government continued to roll out policies and incentives to reduce the construction sector’s financial burden and to promote industry output value ...View more details
While China is recapping its achievements at the end of the 13th Five-Year Plan (FYP) in 2020, it is also getting prepared to enter the next stage of development and at the same time dealing with the impact of the COVID-19 pandemic that abruptly ...View more details