Hungarian construction market to grow 5% in 2013

Activity in Hungary’s civil engineering sector should gather momentum in the second half of 2013, on the back of road, railway, and tram construction and renovation plans as well as some previously announced sewerage treatment. Under favourable circumstances, total construction output could see an increase of as much as 5%.
Our latest report “Construction sector in Hungary 2013 – Development forecasts for 2013-2015” suggests that, after a slight drop in 2012, the value of construction output in Hungary will expand by 5% in 2013, driven mostly by improvements in the civil engineering segment. The increase in engineering output is likely to be led by transport infrastructure (mainly road) construction, provided that the absorption of EU funds is speeded up as the authorities have promised. Water supply projects should also be more active, since meeting EU requirements is becoming more urgent. In addition, stadium construction in Debrecen and Budapest will offer an opportunity thought lost.

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