Long-term forecasts suggest new building construction in Europe may have reached its peak
The population is shrinking, and the need for new construction is changing. In recent years, the construction of housing, residential garages, and holiday homes has declined significantly in Norway and most other European countries. At the same time, new non-residential buildings (all other buildings than the ones mentioned) have also seen relatively weak development. Altogether, this has led to a sharp decline in new building construction output in Norway and the rest of Europe. Short-term forecasts from the Euroconstruct network suggest that an improvement is expected starting this year, with a gradual recovery in new building construction ...
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