{"id":88452,"date":"2025-01-17T09:50:59","date_gmt":"2025-01-17T09:50:59","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/euroconstruct-european-construction-anticipated-modest-upturn-in-2025\/"},"modified":"2025-09-18T17:29:37","modified_gmt":"2025-09-18T17:29:37","slug":"euroconstruct-european-construction-anticipated-modest-upturn-in-2025","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/euroconstruct-european-construction-anticipated-modest-upturn-in-2025\/","title":{"rendered":"Euroconstruct: European construction \u2013 anticipated modest upturn in 2025"},"content":{"rendered":"

According to Euroconstruct, the European building sector will return to growth in 2025 although the improvement will be modest. At the 98th Euroconstruct conference in Milan in December 2024 delegates heard views on the current state of the construction market across the 19 countries covered by the organisation. They were also given perspectives and analysis from the just published \u2018Winter Euroconstruct\u2019 country and summary reports.<\/span><\/p>\n

The European building industry, according to Euroconstruct, continues to go through a challenging period facing persisting external factors. These include geopolitical stress, notably the war in Ukraine, with the prospective economic and trade impact of the change of government in the US adding to uncertainties. Internal factors, including high interest rates, energy costs and increasing labour costs also continue to weigh on financial conditions and hinder construction activity and investment plans. \u201cAfter [declining in] 2023, 2024 will have been the industry\u2019s most difficult year since 2020,\u201d says Euroconstruct. \u201cHowever, forecasts point to a positive turnaround from 2025 onwards.\u201d<\/p>\n

According to new estimates, construction activity in the19 Euroconstruct countries is projected to have declined by 2.4% in 2024. Growth in 2025 is expected to be 0.6%, but the upward trend is forecast to gain momentum in the following two years.<\/p>\n

\u201cThis forecast represents a modest upward revision for 2024 by 0.3 percentage points compared to previous estimates, though the growth in 2025 is slightly weaker than initially anticipated, while the growth path for 2026 remains unchanged,\u201d says Euroconstruct.<\/p>\n

The primary challenge for the European construction market in 2024, it adds, was the significant decline in new residential construction, following that recorded in 2023. \u201cHigh property prices, still elevated interest rates (albeit declining) and high construction costs are the main obstacles,\u201d says Euroconstruct\u201d.<\/p>\n

However, the sector is anticipated to stabilise in 2025 with growth accelerating in the following years.<\/p>\n

The residential renovation market was also in contraction, with a modest decline this year and a further decrease forecast next year.\u201d<\/p>\n

The improvement in the housing sector forecast from 2026 onwards, says Euroconstruct, will be driven by demographic factors, economic conditions and more favourable subsidy schemes for house renovation.<\/p>\n

The European non-residential construction sector has also faced challenges with the modest decline experienced in 2023 expected to have continued through 2024.<\/p>\n

Despite the challenges, however, growth is projected to resume, starting from 2025, with both new non-residential construction and renovation activities contributing positively to the overall sector,\u201d says Euroconstruct.<\/p>\n

\u201cNew investment prospects will be particularly bright for the mainly public-funded market segments, while incentives and structural policies targeting \u2018green goals\u2019 will create consistent push for renovation activities across the sector.\u201d<\/p>\n

A particular bright spot for the European construction sector remains civil engineering. This, says Euroconstruct, is being driven by the urgent need for upgrades in transport networks and energy infrastructure.<\/p>\n

\u201cInvestments in these areas are crucial to meet new demands and political goals,\u201d it says. \u201cNew civil engineering projects are expected to grow significantly in the next two-year period, against a more stable and moderate development for renovation works.\u201d According to the Euroconstruct report, of the Euroconstruct countries, strongest construction improvement in 2025 will come in Ireland with growth of 6%, followed by Norway at 5.6%, Sweden, 5.3%, Finland and Poland, both at 4.9%, Spain 3.5%, the UK 2.9% and Hungary 2.8%.<\/p>\n

While improving on its performance in 2024, Germany\u2019s building industry is expected to contract a further 1% in 2025, while the downturn in Italian construction is predicted to deepen with a further 4.8% decline.<\/p>\n

But broadly, Euroconstruct concludes, despite continuing market constraints, European construction will be on an upward curve in coming years, with \u2018public support for refurbishment projects and significant investments in infrastructure the key drivers of more positive trends\u2019.<\/p>","protected":false},"excerpt":{"rendered":"

According to Euroconstruct, the European building sector will return to growth in 2025 although the improvement will be modest. At the 98th Euroconstruct conference in Milan in December 2024 delegates heard views on the current state of the construction market … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","topic-forestry","topic-lumber","topic-sawmilling","topic-wood-construction","topic-wood-products","area-europe","area-global"],"acf":[],"yoast_head":"\nEuroconstruct: European construction \u2013 anticipated modest upturn in 2025 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/euroconstruct-european-construction-anticipated-modest-upturn-in-2025\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euroconstruct: European construction \u2013 anticipated modest upturn in 2025 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"According to Euroconstruct, the European building sector will return to growth in 2025 although the improvement will be modest. 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