€3.9bn from the EU funds to revive the Slovak construction market by 2015
PMR's report highlights major factors that are to have a favourable bearing on market forecasts, these include: launch of a new EU funding programme as of 2014, lack of available space in various non-residential segments, lowering of mortgage interest rates, drop in the number of available flats, high number of new residential constructions announced, and increasing interest in alternative sources of energy. It also considers the causes of an adverse effect on forecasts such as a price war, which is fragile financial standing of Slovak contractors (mostly smaller and mid-size companies), lack of transparency in construction, low purchasing power of citizens, and reduced demand for construction work which will further sharpen market competition.
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