Europa Property | Rising prices to push the Polish construction market to new heights in 2020
26 Sep 2019
The autumn edition of the report by research firm Spectis “Construction market in Poland 2019-2025” finds that construction output generated by companies operating in Poland can climb to a record high of PLN 250 billion (€59bn) in 2020.
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.
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