According to PMR, the lacklustre performance recorded in last year is projected to be followed by a more severe decline inwith a 21 percent, reduction, essentially reflecting the lack of economic growth in the country and a reduction in spending on transport infrastructure development projects.
In civil engineering construction output is estimated to have contracted by Inthe implementation of all ongoing and planned construction support programmes was cancelled or faced substantial reductions.
A 35 percent average devaluation of the national currency against the dollar and 33 percent against the euro in the first eight months ofa 7. The new supply in increased by The legacy of past cautious lending to property companies has yet to be improved and, along with the poor GDP growth figures a contraction in excess of 6 percent inbecause of the absence of economic growth in and and a more than 30 percent devaluation of the hryvnia, local banks will remain reluctant to increase funding for property developers in the short term.
The property market, to which the banks are highly exposed, has struggled to gain momentum largely because of the limited fund-raising opportunities and deficient purchasing power of the population.
According to PMR, in the amount of newly registered residential space is expected to be about Residential construction in Ukraine is expected to continue to increase inregardless of the crisis in eastern Ukraine and its impact on the economy, albeit at a more modest rate than in the first six months of the year.
In addition, concern about a possible devaluation of the national currency were keeping lending costs at levels which were difficult to afford, and even a CPI deflation figure was observed in Ukraine last year, factors which did not encourage property developers to speed up construction activity.
In H1the amount of newly registered housing space stood at 4.
This year construction activity in Ukraine has been severely affected by the annexation of Crimea and Sevastopol by Russia, and the crisis in eastern Ukraine has thrown the economy even deeper into crisis.
However, it should be remembered that of the total floor space commissioned in During the first half of the year, only about 95, sqm of GLA in three new shopping centres and one extension were activated across the country, excluding the second stage of Southern Gallery 19, sqm shopping centre completed in Simferopol in Crimea.
In the industry is set to fall again, this time by about 18 percent. This significant slowdown for the full year will largely reflect the crisis in the Donetsk and Luhansk Provinces and the consequences for the overall economy, which is likely to contract by more than 6 percent.
The total floor space of residences put into use in was increased slightly year on year by 1. The construction industry contracted by almost 12 percent last year.
It should be noted that because of the still subdued macroeconomic data in Ukraine, the completion of a substantial number of shopping centres initially due to be activated in has been postponed untilat least.Construction industry in Ukraine to plummet 18 percent in As indicated by the results of PMR’s latest report, entitled “Construction sector in Ukraine H2 Development forecasts for ”, between andthe Ukrainian construction industry expanded year on year in real terms only once, inwhen it boasted a double-figure increase.
Construction industry in Ukraine to plummet 18% in Published by ConstructionShows On October 8, As indicated by the results of PMR’s latest report, entitled “Construction sector in Ukraine H2 Which companies are the main producers of construction materials in Ukraine? What is the market structure by building type?
Construction sector in Ukraine H2 What is the content of PMR’s report on construction sector in Ukraine Value and performance as indicated by the latest data Competitive environment – high-profile development ventures, future company strategies.
Apr 17, · Find out more about the construction market in Ukraine. Keep up-to-date with the latest developments on this market.
The webinar shows information about. Construction sector in Ukraine Market analysis and development forecasts forDownload