Eastern Europe Construction Market Size (2024 - 2029)

Eastern Europe Construction Market Analysis

The Eastern Europe Construction Market is estimated to grow at a CAGR of approximately 7% during the forecast period.

The European construction market is expected to continue with an average annual growth of more than 3% relative to the weakest building sector (+ 1%). At the country level, the positive development in Eastern European countries will be supported by strong growth of around +6%.

Prime real estate investors are looking to new prospects for the developing markets in Eastern Europe. Cities like Budapest, Prague, and Warsaw show strong signs of growth and attract buyers who are comfortable with some risk, especially in Hungary's prime markets, where the political climate has introduced a degree of uncertainty.

A common trend among these rising Eastern European markets is that demand comes mainly from domestic consumers, suggesting an increasing number of international consumers are involved in this year's investment. Such global markets are home to a growing number of high-end inventories, and many Eastern European cities will see the luxurious new technologies launch in 2020. In recent years, many luxury high-rises have gone up in Warsaw. Prime real estate investors are awaiting the completion of Foksal 13/15, a property from the 19th century that was the residence of many prominent Poles and has been renovated to house luxury apartments.

Eastern Europe Construction Industry Segmentation

The Eastern Europe construction market covers the growing construction projects in different sectors, like commercial construction, residential construction, industrial construction, infrastructure (transportation construction), and energy and utility construction and by Geography Romania, Hungary, Croatia, Ukraine, Bulgaria and Rest of Eastern Europe. Along with the scope of the report also it analyses the key players and the competitive landscape in the Eastern Europe Construction Market.