New housing production is expected to decline in the coming years but renovation volumes can increase instead. All in all housing construction is expected to decline in both 2019 and 2020. It looks like construction of premises will drop in 2019 and then level out during the next two years. There is a substantial need for investments in public premises in areas such as healthcare and education which can counteract the decline in private premises that follows the economic cycle. All in all other building construction is expected to contract in 2019 and then level out in 2020. The forecast for civil engineering investments is positive and signals growth in 2019 and 2020.
Housing construction investments are expected to be about the same this year as in 2018 and then take off again in 2020, driven by good growth and strong demand. However, construction of premises is expected to increase already this year largely due to positive indications from industrial building construction. Public building construction will most likely develop sideways this year and then accelerate in 2020. The forecast for civil engineering investments indicates a continued good rate of development over the next two years.
Apartment building construction is expected to decline this year and continue to fall over the next two years. However, single home construction is showing a positive trend in 2019 but will level out in 2020. All in all housing construction is expected to remain on the same level during 2019 followed by a slight decline in 2020. Construction of private premises will mostly likely contract due to the weaker economic growth while public building construction will most likely increase during the period, which means other building construction is expected to grow in both 2019 and 2020. The forecast for civil engineering investments signals a slight decline in 2019 followed by a leveling out in 2020.
Forecast for started-up housing investments, new and renovations
Other building construction
Forecast for started-up other building construction investments, new and renovations (Industry, office/retail etc. and public premises)
Forecast for civil engineering investments
|Worse forecast compared to the previous quarterly report|
|Better forecast compared to the previous quarterly report|
|Same forecast compared to the previous quarterly report|