DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/7s87pv/construction) has announced the addition of the "Construction Market, Romania, 2007 - 2015. Trends to 2020" report to their offering.
This report, now into its eighth edition, reflects the impact of recent economic events and how the recession has affected the Construction Market in Romania.
The report provides a clear and comprehensive picture of the market, influence factors and future prospects, market potential, trends, competitive environment analysis.
With just-in-time updated market data and continuous follow-up of market news, this report represents a milestone for all entities involved in this sector.
The analysis is focused on three big sub-sectors:
Purposes of analysis:
- real market size, by sector & sub-sector
- market trends
- state and private projects
- market opportunities
- competitive environment, prepare and improve the strategies
- strategic factors: influence factors, barriers to growth, key factors for success, maturity point
- resource allocation and improvement
- useful tool in decision making
Importance in the Romania's economy
In 2012 the construction market will stagnate to 17.3 bln, of which Gross Value Added will record 13.3 bln. The share of construction in GDP formation was 9.8% in 2011 and in 2012 will decline slightly to 9.7%.
The housing stock in Romania is very old, about 60% of total dwellings being built before 1977. When the normal lifespan of a building is 50 years, then we can say in 2012 in Romania - 2.6 mln homes have overcome life and are exposed to accelerated degradation.
While the price for new dwellings are still high related to Romanian purchasing power, the population will focus to the renovation of old houses or build a new house, usually on own account.
Romania is far behind other countries in the region in terms of non-residential building stock (commercial, logistics, industrial, hotels), so there are great development opportunities.
Up to date, the buildings were built in areas without development perspective, without studying the market needs and sustainable purchasing power, which is why the developers re-design several projects. The stock of logistic spaces related to the number of inhabitants in Romania is less than half comparing to other countries in the region such as Hungary, Czech Republic or Poland. Retailers will continue to open new stores, but at a slower pace than in previous years.
To reach the EU average, Romania should have -3,800 km of highways, by 3,450 km more than now. On the other hand, Romania would have to electrify and modernize - 1,600 km of railways, but the density of railway is optimal. Concerning utilities, Romania must build water, sewage networks and waste water treatment plants in compliance with European directives on water sector up to 2018, and the investment needs worth 17 bln.
For more information visit http://www.researchandmarkets.com/research/7s87pv/construction
Source: Research and Markets