Ten hopes on the real estate market this year

The number of active construction sites is dwindling by the week. Some developers are halting works, while others are finalising their investments. Yet, where could demand for building materials and workers in the private sector come from this year? The current uncertainty over the entire economy makes any positive projection about the real estate market seem hazardous. No investment is certain any longer as it is clear that steps will be taken in the following period that will ultimately erode purchasing power. Yet, ten projects are due to be started this year, contrary to market trends, with the developers expected to earmark more than half a billion euros to complete them, reads Business Construct magazine. While the housing segment is still quiet, on the market of office space and especially of shopping centres, a series of companies are poised to embark upon new investments. Some depend on permits, others on tenants, most of them on banks and all of them are closely watching economic trends. There are no more mega-projects of 500m euros or 1bn euros, but small steps, often spurred by retailers.