Analysis of construction sector in Romania (update October 2024)

“The Analysis of the Construction Market in Romania” is probably the most comprehensive report available on the market, studying the evolution of the construction industry in Romania. An industry that exceeds a value of 20 billion euros. Updated data as of the first semester of 2024! Updated data as of the first semester of 2024!

The period from 2025 to 2027 is expected to be full of challenges for the construction industry in Romania. In previous years (2020-2021), many statistical indicators reached their highest levels in the last 8-9 years or even the last decade, while 2022-2023 marked a decline in certain segments.  The rising prices of raw materials and energy, inflation, and higher financing costs have strongly hindered the residential construction market. Therefore, 2025 is a year full of challenges. For better transparency, it is important to have an overview and to make decisions in a broader context.

The report answers the most pressing questions regarding the construction market:

• What is the current situation and outlook for residential construction?
• What are the real needs for new housing?
• How much has been built vs. real needs?
• What will be the impact of the current context (more expensive loans, more expensive housing) on demand?
• How has the non-residential sector evolved in recent years?
• What are Romania’s plans regarding infrastructure development? In a realistic scenario, how many of these plans will be successfully implemented?
• What is the discrepancy between what has been planned and the concrete results regarding infrastructure investments?
• How have the main construction material markets evolved in the first semester of 2024 compared to the first semester of 2023 (and also in 2018-2023)? (cement, rebar, masonry materials, etc.)

Other advantages of the study:

• Provides all statistical indicators about construction available in most statistical sources (INS, BNR, Eurostat, etc.) updated to date (all indicators available as of October 2024 are presented).
• Measures the market context in 2023 and the outlook for 2024, considering macroeconomic indicators.
• Analyzes the inflationary impact in 2023-2027 on the main influencing factors of the market, especially in the residential construction area.
• Shows how the main material markets (cement, rebar, masonry materials, roofing, polystyrene, etc.) have evolved in the last 5-6 years and in 2023.
• Provides a forecast for 2025-2027 based on influencing factors and current market conditions.
• Analyzes the main construction material markets in Romania (cement, rebar, roofing, expanded polystyrene, and others).

The report contains about 96 pages structured as follows:

• Analyzes the main macroeconomic indicators in Romania compared to other EU member states.
• Analyzes the value of the construction market in Romania and the main statistical indicators (authorizations, completed buildings, geographic segmentation, etc.)
• Detailed analysis of the residential construction market (authorized housing, completed, detailed analysis of influencing factors).
• Non-residential constructions (office buildings, industrial, retail, DIY).
• Public investments in construction works (infrastructure: road, rail, maritime, air transport) – present and future.
• Centralized forecast of the construction market in Romania (2024-2026).
• Analysis of the main construction material markets in Romania (cement, rebar, masonry materials, roofing materials).
• List of the top 100 companies in the construction sector. Their financial performance and that of the sector in recent years.

The detailed table of contents of the study is presented below:

Note that the report is available in English.

1. Basic macroeconomic indicators
1.1. Annual GDP 2013-2023 (value, current prices)
1.2. Short-term GDP growth (volume, % y/y)
1.3. Individual sector contribution to GDP (% of Gross Value Added, or GVA)
1.4. GDP growth in Romania vs. European Union (EU 27)
1.5. Inflation – Consumer Price Index (CPI)
1.6. Net investments
1.7. Construction cost
1.8. Inward Foreign Direct Investments in Romania (FDI)
1.9. Economic sentiment indicator
1.10. Population (million persons, Jan 1st)
1.11. Employment rate in Romania vs. European Union (EU27)
1.12. Revenues and expenditure per household

2. Building permits and contracted construction works
2.1. Building Permits – predictor for construction market’s dynamics
2.2. Contracted construction works (construction market) – breakdown

3. Residential: building permits, contracted works, dwellings completed
3.1. Building permits: number, area – by region
3.2. Contracted works – by structure elements and construction objects
3.3. Dwellings stock – breakdown
3.4. How many dwellings are needed in Romania?
3.4.1. Big picture: number of dwellings is rising while resident population is not
3.4.2. The age structure of Romanian dwelling stock
3.4.3. Problems related to Romania’s dwelling stock
3.4.4. Demographic drivers for residential real estate
3.5. Completed (delivered) dwellings
3.5.1. Completed (delivered) dwellings – by region
3.5.2. Completed (delivered) dwellings – by funding source
3.5.3. Authorised versus delivered dwellings
3.6. Financial elements relevant for the residential real estate market
3.6.1. Mortgage lending: interest rates, flow and stock
3.6.2. Households’ incomes, transfers and their bank deposits
3.6.3. Property prices
3.6.4. Real Estate Market Trends and Transactions

4. Non-residential: building permits, contracted works
4.1. Building permits for non-residential constructions
4.2. Contracted works – by structure elements and construction objects
4.3. Non-residential construction market: segmentation
4.3.1. Warehouses, manufacturing facilities (Logistic and Industrial)
4.3.2. Buildings for wholesale trade and retail (Commercial (HoReCa included))
4.3.3. Administrative buildings (Office)

5. Civil-engineering and other state-funded construction works
5.1. The value of civil engineering construction works
5.2. Road network
5.3. Railways network
5.4. Water and sewage network

6. Forecast of construction market in Romania
6.1. Structural analysis and the forecast of the residential construction market
6.2. Forecast of construction market in Romania – by type of works

7. The analysis of the main construction materials markets in Romania
7.1. Cement market in Romania
7.2. Steel rebar market in Romania
7.3. Analysis of expandable polystyrene market
7.4. Masonry materials market – the total size and segmentation depending of the type of materials
7.5. Roofing materials market

8. Financial analysis of top 100 construction companies in Romania
8.1. Top 100 construction companies
8.2. Top 50 construction companies of residential and non-residential buildings
8.3. Top 50 roads and highways construction companies

How to get the study?

The study can also be purchased from the Shop section of our website, from this link. For other information or alternative delivery methods (offline), please contact us.