Construction and Real Estate

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Despite Saudi Arabia’s modest economic recovery buoyed by strong gains in the oil sector, the construction industry remained on negative growth territory during 2018. The decline was partly fuelled by reduced infrastructure spending amid fiscal ...

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Turkey’s currency – the lira – fell by 30% against the US dollar in 2018 on the back of tensions with the US and mounting concerns about the country’s creditworthiness. The collapse of the Turkish lira pushed up construction costs and freight rates, ...

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The measures that have been initiated to cap mortgage lending and restrain the rise in property prices continued to take a toll on residential construction in 2018. A rise in the minimum wage has contributed to rising unemployment, as the increase ...

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Mexico’s housing market maintained growth momentum in 2018 amid the central bank’s decision to hike its key rate twice during the year to 7.75% – the highest rate in more than nine years. Growth was partly fuelled by better economic conditions and ...

The construction industry remained on a strong growth path in 2018, aided by Indonesia’s expansionary budget and President Widodo’s infrastructure development agenda. In the year, infrastructure spending under the annual state budget edged up 5.8% to...

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