ARTICLES LABELLED WITH TAG EECFA

News How can the war impact Croatia’s construction market?
22
Apr
2022

How can the war impact Croatia’s construction market?

by Property Forum
For Croatia, as for other EECFA countries, the Russian invasion of Ukraine has been both a supply shock and a demand shock. And many of the elements of these shocks are the same for Croatia as for other EECFA countries. On the supply side, energy costs are rising as are the costs of construction materials and of construction finance. Supply chains and labour markets have also been disrupted. On the demand side, inflation has cut into consumers’ real disposable income, consumer confidence has been shaken as a result and finance for real estate purchases has become more expensive, says Michael Glazer, SEE Regional Advisor at EECFA Croatia.
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News War in Ukraine pushes costs on Romania's construction market
11
Apr
2022

War in Ukraine pushes costs on Romania's construction market

by Property Forum
Romania’s trade relations with Ukraine, Russia and Belarus are limited, but the country has been importing raw materials from these countries that are used in the local construction market, according to an analysis by the Eastern European Construction Forecasting Association (EECFA). 
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News How will the war in Ukraine impact Slovenia’s construction market?
06
Apr
2022

How will the war in Ukraine impact Slovenia’s construction market?

by Property Forum
The impact assessment of the 2022 Russian invasion of Ukraine on the Slovenian construction market must take into account the current volatile situation associated with the pandemic. Even before the war in Ukraine started, building material manufacturers reduced their capacity, either due to logistics problems resulting from the global closure of countries or due to declining demand. As the last wave of the pandemic ended, supply failed to keep up with increased demand and construction material prices began to rise, writes Dr Aleš Pustovrh (Bogatin d.o.o.) for EECFA Slovenia.
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News Romania’s construction industry is set to grow in 2022 and 2023
19
Jan
2022

Romania’s construction industry is set to grow in 2022 and 2023

by Property Forum
According to the forecast of EECFA, the Romanian construction industry is poised to grow in both 2022 and 2023. The main drivers of growth vary, including low interest rates and excess liquidity that boost the residential subsector or the use of EU 2014-2020 cohesion funds to help boost civil engineering, writes Dr Sebastian Sipos-Gug from Ebuild srl / EECFA Romania.
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News SEE construction markets’ outlook looks more promising
08
Dec
2021

SEE construction markets’ outlook looks more promising

by Property Forum
Romania is expected to see only moderate growth on the horizon. Serbia, having recorded the biggest expansion of almost 100% in the 2014-2020 period, is foreseen to plateau in the upcoming years, according to the Eastern European Construction Forecasting Association’s 2021 Winter Construction Forecast Report.
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News Croatia’s construction boom: Real or smoke and mirrors?
02
Nov
2021

Croatia’s construction boom: Real or smoke and mirrors?

by Property Forum
Croatia’s remarkable recovery from the brutal impact that the COVID-19 epidemic had on the country in 2020 is, like its construction boom, both real and smoke and mirrors, both temporary and long-term, according to Michael Glazer (SEE Regional Advisors) and Tatjana Halapija (Nada Projekt), the Eastern European Construction Forecasting Association’s members in Croatia.
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News SEE construction markets set to record further expansion until 2023
08
Jul
2021

SEE construction markets set to record further expansion until 2023

by Property Forum
In the first year of the pandemic, the construction market of the SEE region as a whole remained in the positive, and further expansion is expected until 2023. The only exception is Bulgaria where a harsh transition is foreseen for 2023 when the 2014-2020 EU programming period ends financially. The massive growth experienced in the years before 2020 is not anticipated to return. around 3% growth is projected for 2021 and 2022, and a 3% drop for 2023. The countries with the largest cumulated growth on the forecast horizon are Croatia and Serbia, according to the Eastern European Construction Forecasting Association’s 2021 Summer Construction Forecast Report.
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News Serbia’s construction industry to return to growth in 2021
04
May
2021

Serbia’s construction industry to return to growth in 2021

by Property Forum
During the last six years, between 2015 and 2020, the Serbian construction industry rolled out into one of the strongest growth cycles in recent history. The powerful surge in construction outputs surpassed all initial expectations, and there are a number of converging factors behind its formidable result. The recovery after the recession gradually transformed itself into a fully-fledged construction boom, which more than doubled Serbia’s construction output, from €2 billion in 2015 to €4 billion in 2019. Even the pandemic in 2020 didn’t change the very positive outlook, although it did cause a slowdown and negative consolidation of construction outputs by some 5% at constant prices. The expected growth should return in 2021, however. The EECFA (Eastern European Construction Forecasting Association) has released its latest article about the Serbian construction industry, written by Dejan Krajinović, Beobuild Core D.O.O.
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News Home prices keep on increasing in Romania. But why?
05
Feb
2021

Home prices keep on increasing in Romania. But why?

by Property Forum
The longer-term trend of price increases on the residential market continues to be the most likely scenario as demand continues to outpace supply in many of the larger cities of Romania, according to a report by the Eastern European Construction Forecasting Association.
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News SEE’s construction markets to recover only in 2022
14
Dec
2020

SEE’s construction markets to recover only in 2022

by Property Forum
Building construction markets of the Balkan EECFA countries as a whole have shown resistance during the pandemic so far. Nonetheless, the region is foreseen to have yet another negative year in 2021, before expansion can return in 2022. The EECFA (Eastern European Construction Forecasting Association) has released its Construction Forecast Report for winter 2020.
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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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