96th Euroconstruct Conference: European Construction Market Outlook until 2026 – European Construction Activity Expected to Decline: Civil Engineering Proves Resilient. Country Reports

Euroconstruct presented its Winter Forecast on the development of the European construction markets at the 96th Euroconstruct Conference organised by EY Ireland in Dublin on 1 December 2023. Total construction output in the Euroconstruct 19 area is expected to fall in 2023, with an even sharper decline forecast for 2024. Regional market developments are influenced by specific characteristics at national level. However, most of the 19 markets are experiencing a slowdown, due to the sharp rise in interest rates and construction prices, persistently high inflation, loss of household purchasing power, weaker economic growth, tighter public budgets and falling house prices. At the current level of interest rates, the comparison of returns on property investments is also hampering growth. The Euroconstruct Country Report provides detailed information on construction market trends and fundamentals in each of the 19 Euroconstruct member countries until 2026. The forecasts and analysis are presented at country level and are based on a comparable, harmonised data set for the main construction sectors and indicators. The macroeconomic framework is also included. With contributions from Anne-Sophie Alsif, Anders Bjerre, Mohammed Chaudhri, Antonio Coimbra, Ludwig Dorffmeister, Josep R. Fontana, Thomas Ekwall, David Frič, János Gáspár, Mirthe Greve, Roch-Eloi Grivet, Paul Groot, Annette Hughes, Michael Klien, Radovan Kostelník, Nathalie Kouassi, Max de Lange, Vladimír Lenko, Jean-Pierre Liebaert, Patric Lindqvist, Pascal Marlier, Antonio Mura, Mårten Pappila, Markku Riihimäki, Radislav Semenov, Stefanie Siegrist, Mariusz Sochacki, Antonella Stemperini, Marte Herje Strømme, Mercedes Tascedda and Michael Weingärtler.