Ken Research has announced publication titled, “Residential Construction in Portugal to 2020: Market Forecast” which provides detailed historic and forecast market value data for the residential construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition).
The report includes historical and forecast valuations of the industry using the construction output and value added methods. It is an important tool for companies active across the Portuguese construction value chain and for new players who consider entering the market and includes all the valuable data required by the users.
Study is the result of substantial market research covering the infrastructure construction industry in Portugal and furnishes a top-level overview and detailed insight into the operating environment of the infrastructure construction industry in Portugal.
The residential construction industry is composed of businesses principally involved in new residential construction and remodeling of single-family and multifamily residential buildings.
This industry includes residential housing general contractors (i.e., new construction, remodeling, or renovating existing residential structures), operative builders and remodelers of residential structures, residential project construction management firms, and residential design-build firms. Even, Specialty Trade Contractors perform specialized construction work (masonry, metal working, drywall) on houses and other residential buildings in some cases.
Over two thirds of all Portuguese property is owned by Portugal inhabitants that exceed 10 million in total and enough housing buildings are being constructed and more further are to be constructed to meet the needs of Portuguese well keeping in consideration all the regulations that govern the market.
In 2015, the government inaugurated O programa Reabilitar para Arrendar – Habitacao Acessivel, a rental rehabilitation program, with an investment of USD 55.5 million. The government is going to provide financial assistance to both public and private developers with an aim to increase the number of affordable houses in the country in the years to proceed.
The government’s focus on providing affordable houses via social housing programs is forecasted to lead optimal growth in the residential construction market over the forecast period.
The residential market is forecasted to prosper at an improved CAGR year by year as can be seen from the current level of amelioration in the industry if seen from the beginning of the review period.