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Growth returns to Europe’s construction sector
We expect a marginal increase in total European Union construction volumes this year, but don't get too excited; we're looking at a figure of just 0.5%. This follows a 2% decline in 2024. Optimistic signs are slowly becoming visible. Monthly construction volume data was already showing some growth in October and November last year. House prices of existing houses began to increase in 2024, and that's giving home developers the opportunity to demand higher prices for new buildings, enabling them to cover the costs of the increased building material prices from recent years. It looks like the lowest point has been ... (full story)