The number of active construction sites is dwindling by theweek. Some developers are halting works, while others arefinalising their investments. Yet, where could demand for buildingmaterials and workers in the private sector come from this year?The current uncertainty over the entire economy makes any positiveprojection about the real estate market seem hazardous. Noinvestment is certain any longer as it is clear that steps will betaken in the following period that will ultimately erode purchasingpower. Yet, ten projects are due to be started this year, contraryto market trends, with the developers expected to earmark more thanhalf a billion euros to complete them, reads Business Constructmagazine. While the housing segment is still quiet, on the marketof office space and especially of shopping centres, a series ofcompanies are poised to embark upon new investments. Some depend onpermits, others on tenants, most of them on banks and all of themare closely watching economic trends. There are no moremega-projects of 500m euros or 1bn euros, but small steps, oftenspurred by retailers.
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