Construction in Greece - Key Trends and Opportunities to 2019 - New Report Available

From: Fast Market Research, Inc.
Published: Tue Oct 13 2015

Timetric's Construction in Greece - Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Greek construction industry including:

* The Greek construction industry's growth prospects by market, project type and type of construction activity
* Analysis of equipment, material and service costs for each project type in Greece
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Greek construction industry
* Profiles of the leading operators in the Greek construction industry.
* Data highlights of the largest construction projects in Greece

Full Report Details at

Report Highlights

* In order to improve the country's transport facilities, the European Investment Bank (EIB) has approved EUR815.0 million (US$1.05 billion) for the development of the country's transportation infrastructure. This amount is to be invested in the construction of 239km of new highways, and the renovation of 434km of motorway road on the Patras-Athens-Thessaloniki transport corridor. This financial aid by the EIB will help construction activity for the infrastructure market over the forecast period.
* In June 2015, Greece became the first developing country to default on a loan repayment to the International Monetary Fund (IMF). In subsequent negotiations, a number of austerity measures were imposed by the European Union (EU) as a pre-condition for a third bailout package. These conditions will continue to undermine growth prospects in the industry. A decline in manufacturing confidence and weak export demand is also expected to hamper growth.
* To improve the depressed housing market, the government approved residence permits for non-EU citizens in 2013, as also adopted by Spain and Portugal. These permits will be offered to non-EU citizens who invest EUR250.0 million (US$326.0 million) in property. The permit will be valid for five years and open for renewal until the holder possesses the property. This initiative is likely to attract foreign investments in the housing market, supporting the residential construction market over the forecast period.
* In July 2015, Greece announced its alliance with Russia for the development of the Turkish stream line project called as Trans Adriatic Pipeline (TAP) in the country. The project is aimed at enhancing the security of supply and diversifying gas supplies for the European markets. The project is expected to start in 2016 and be completed by 2020.

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