According to the recent GlobalData report, Algeria’s construction industry in 2023 will be driven by major ongoing projects in the residential, transport and renewable energy infrastructure sectors.
In 2022 the U.S. residential construction decreased for the first time since 2007. 1.56 million new houses were built last year, down 2,9% on 2021. The outlook is negative also for the year 2023.
Euroconstruct’s latest economic forecasts predict that construction output growth will drop to 0% in 2024 across Europe. Civil engineering looks positive, but other sectors are expected to be negative.
The first half of 2022 the Italian real estate market made total investments of approximately €6.1 billion, a 100% increase over the same period in 2021 and an all-time record.
Investments in construction in South Africa should grow by 9% in 2022. The industry will then stabilize at an annual average growth of 3.1% between 2023 and 2025.
In 2021 the U.S. residential construction reached its highest level since 2006, with 1.6 million new hoouses, up 15.6% on 2020. The outlook is positive also for the year 2022.
According to Cresme, in 2021 the global construction market will reach the record level of €8,807 billion (+6,4% on 2020) and will continue to grow at an yearly rate of around 3% through to 2025.
After years of decline, the use of clay brick as an exterior wall material for single-family homes is seeing a comeback in the United States and is gaining popularity amongst both builders and homebuyers.
According to the latest Euroconstruct forecast, the construction volume in Europe is estimated to have slumped by 7.8% in 2020, but should grow by 4.1% this year, as well as by 3.4% and 2.4% in 2022 and 2023.
Uzbekistan’s capital Tashkent is attracting the interest of real estate investors, with three projects currently underway in the city-centre district of Yakkasaray.
