The investment upturn that has existed for the last three years, which boosts the construction market’s value to all-time highs, is largely driven not by the increased volume of investment tasks being performed by rather by higher construction costs. This is particularly shown when the years of 2011 and 2018 are compared to one another. Whereas the upturn in the building construction sector is definitely a fact, its positive effect has been offset by a lower volume of investment tasks in the road construction sector. As a result, the volume of cement production, which is the basic building material used in practically all types of construction activity, was practically the same in the two years under analysis, i.e. 19 million tonnes.
Full article: www.europaproperty.com
