The 67th EUROCONSTRUCT conference organized by PAB – Polish Construction Research & Forecasting Institute held on 5th June, 2009 in Warsaw (in NOT Building).

About 140 decision makers of the European construction sector who had arrived from 22 countries discussed about prospects for European Construction Markets in 2009-2011.

The main focus is crisis in the European construction market.

EUROCONSTRUCT, the leading construction research network in Europe, twice a year presents detailed forecasts by sectors based on a consolidated database from 19 countries associated in Euroconstruct. At the Warsaw Conference international experts discuss possibilities of the crisis overcoming in the European construction market.


2008 - Break down in Western and slight upturn in Eastern Europe

In the second consecutive year of the economic crisis strengthening total Construction Output in Euroconstruct zone amounted 1485 bln Euro in 2008 and decreased by 3,1% comparing to construction peak reached in 2007...


Near forecast: Recession in economy, crisis in construction

Deepening crisis brings about decrease of the rate of economic growth and accumulation. Several external and internal factors caused the decrease of the economy inclination to invest in new construction tasks in 2009 and 2010...


The construction sector will experience difficulties in 2009-2010
  
Demand for construction is falling down in all of Western Europe countries, whilst in Eastern the sector demonstrates increasing dynamism and is an engine for economy growth...

Residential construction

In new housing we have observed big decline in production. The sharp decrease in housing market is a result of the financial market turbulences.  The rapid limitation of mortgage loans granted to the households for flats purchase creates big problems for the developers...


Non-residential construction

Public non-residential construction have difficulties with financing of projects but private non-residential with financing and lack of new investment transactions which cause stopping or delaying of many significant constructions projects...


Civil engineering remains steady

Infrastructure construction financed by public sources and supported by Governments is the most resistant for the world crisis effects. Civil engineering remains steady...

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