Apr 30 2013
Research and Markets has announced the addition of the "Construction in Greece - Key Trends and Opportunities to 2017" report to their offering.
The Greek construction industry valued EUR10.7 billion (US$13.8 billion) in 2012, after declining at a CAGR of -19.32% over the review period (2008-2012). The industry is expected to grow at a CAGR of 0.39% over the forecast period (2012-2017). Infrastructure construction was the largest market, accounting for 44.1% of the industry's total value. The market declined at a CAGR of -14.78% during the review period to value EUR4.7 billion (US$6.1 billion) in 2012. The Greek government has a strong pipeline of rail transit projects nationwide, and in July 2010, the European Investment Bank announced a loan worth EUR2 billion to Greece to finance infrastructure construction.
Key Highlights
- Residential construction was the second-largest market in the construction industry, accounting for a 27.5% share of the industry's output in 2012. It was also one of the worst performing markets, declining at a CAGR of -22.48% during the review period to value EUR3 billion (US$3.8 billion) in 2012. Depressed economic conditions due to government austerity measures are making it difficult for households to repay housing debt. Prospective buyers, especially those looking to get onto the property ladder, are also finding it difficult to secure mortgages without being asked to pay huge deposits.
- Infrastructure construction was the largest market, accounting for 44.1% of the industry's total value. The market declined at a CAGR of -14.78% during the review period to value EUR4.7 billion (US$6.1 billion) in 2012. The Greek government has a strong pipeline of rail transit projects nationwide, and in July 2010, the European Investment Bank announced a loan worth EUR2 billion to Greece to finance infrastructure construction.
- The Greek construction industry valued EUR10.7 billion (US$13.8 billion) in 2012, after declining at a CAGR of -19.32% over the review period (2008-2012). The industry is expected to grow at a CAGR of 0.39% over the forecast period (2012-2017).
- The country's budget deficit stands above the prescribed limit of 3%, which has forced the government to implement austerity measures including major cuts in the country's health and education sectors.
- The Greek unemployment rate stood at 27% in November 2012 and the budget deficit reached 6.6% of GDP in the same year. The domestic demand for goods and services also decreased.
- The government has announced a plan to focus on new transport infrastructure projects in order to boost growth in economy.
Key Topics Covered:
1 Executive Summary
2 Introduction
3 Construction Industry Dynamics
4 Market Dynamics
5 Construction Value Add
6 Business Attractiveness
7 Price Dynamics
8 Porter's Five Forces Analysis
9 Total Construction Activity
10 Construction Output
11 Construction Value Add
12 Company Profile: Ellaktor SA
13 Company Profile: LAMDA Development SA
14 Company Profile: Michaniki SA
15 Company Profile: J&P - Avax SA
16 Company Profile: METKA SA
17 Top 10 Project Profiles
18 Construction Indicators
Source: http://www.researchandmarkets.com