High interest rates and soaring building costs have drastically reduced the demand for new buildings in Europe. So far, ongoing projects and a heightened focus on sustainability have prevented construction volumes from shrinking, but we’re expecting to see a steep decline begin to emerge in 2024
Related Articles

Corruption
The Guardian: EU crackdown on golden visas criticised as ‘half-hearted’
Campaigners say action plan falls short of Europe-wide measures that are required. What elso would one expect of the EU? Read here Justice commissioner Věra Jourová

Economics
Xilu Chen, Pei Guangyu, Zheng Michael Song, Fabrizio Zilibotti: Tertiarisation like China
China is currently undergoing a rapid tertiarisation process, with its service industries growing as a share of GDP at the expense of both agriculture and manufacturing. This could be a bad omen for future growth. […]

Economics
Spinoff: Why we can’t simply build our way out of the housing crisis
This may be about New Zealand but the analysis is spot on, valid for any EU nation. Read here
Be the first to comment