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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.
The construction sector plays a key role in Thailand’s growing economic development, providing 2.8% of the country’s GDP and employing around 2.28 million people in 2015. In spite of the political instability of 2013 that led up to the ...
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The construction sector, one of the key drivers of economic growth in the past decade, is undergoing a profound restructuring triggered by structural transformation of the Brazilian economy after the end of the commodities boom, low government ...
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Construction is the sixth-largest economic sector in India, accounting for 7.8% of the country’s GDP in FY2016, the second-biggest employer (after agriculture), with about 35mn people engaged, and the second-largest recipient of FDI after the ...
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The value of Poland’s total construction output, including private works and work carried out by unregistered individuals, came to PLN 178bn in 2015, up 2.2% y/y. The official output data for companies employing more than nine persons stood at ...
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Despite suffering the lowest investment growth for seven years in 2015, the real estate sector in China still offers opportunities for investment. With the policy instruments introduced in the first three months of 2016, the sector is bottoming out, ...
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The Turkish construction market is highly fragmented, despite the presence of a high number of big contracting and construction companies with vast international experience. Most of the construction companies are family-owned businesses, which have ...
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Construction is one of the most important sectors in the Czech Republic’s economy, generating about 5.6% of the economy’s total gross value added (GVA) 2015. Real estate activities generated about 8.1% of total GVA in 2015. The ...
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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. After the global financial crisis of 2008, a government stimulus package of RMB 4tn was used for ...
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In 2024, Colombia's construction sector experienced mixed fortunes. While the gross value added (GVA) of the sector grew by 1.89% y/y, slightly higher than GDP growth, the performance varied across different sub-segments. However, the year concluded ...
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Real estate and construction activities are a key pillar of the Mexican economy. In 2024, the construction sector contributed 6.7% of Mexico's GDP. Over the 2019-2024 period, the sector's gross value added (GVA) expanded at a compound annual growth ...
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