Investment in construction decline ended 2005
However, investment in construction ended its long
decline in 2005; after a period of stability, housing
construction has noticeably regained momentum since
2011.
More buildings are being built again, very many
fewer construction firms complain of a lack of demand,
and prices are increasing slightly.
That is probably because oversupply in the sector has gradually eased,
unemployment has fallen significantly and incomes have
begun to rise again. Construction is also encouraged
by very low interest rates, which both make borrowing
cheap and encourage investment in property rather than
financial assets.
EU Forecast
euf:ba18a:128/nws-01