Top trends to track in 2026 in Romanian residential market

Article written by Dr. Sebastian Sipos-Gug, Ebuild srl, EECFA Romania

Q4 2025: Weak Construction Activity-Start in Hungary

Press Release on EBI Construction Activity Report

Slovenia: housing squeeze no one can measure

Article written by Dr Ale¹ Pustovrh, Bogatin, EECFA Slovenia

EBI Romania, started construction works, 10 January 2025

EBI Romania January Poster

EBI Hungary, megkezdett kivitelezési munkák, 2026. január 7-i állapot

EBI januári poszter 

EECFA 2025 Winter Construction Forecast

Press Release of EECFA 2025 Winter 

M1 motorway boosting Activity-Start in Hungarian construction

EBI Construction Activity Report Hungary Press Release

Q3 2025 Permit-Completion in EECFA area

Updated charts of permit and completion in EECFA

Housing needs of internally displaced persons in Ukraine

Post written by Sergii Zapototskyi, UVECON, EECFA Ukraine

Aparthotels: new growth spot for non-residential construction in Russia

Article by Andrey Vakulenko, the Russian analyst of EECFA

Rusty update

Projects in rust-belt areas updated

Good news from Türkiye

Permit data for rebuilt earthquake-damaged housing has been included in statistics. Read the full post

EECFA countries in the 2025 Macro Forecast of the European Commission

EECFA 2025 Summer Construction Forecast

Press Release of EECFA

EBI Romania: started construction works 28 May 2025

Poster Update 

EBI HUNGARY Q1 2025

Q1 2025 sees weak Activity-Start in Hungarian construction press release

Bucharest: drop in residential permit and completion

Here is the latest post by Dr. Sebastian Sipos-Gug, Ebuild srl, EECFA Romania

Croatian Construction: Whither, Whether, Weather or Wither?

Read the post written by Michael Glazer (SEE Regional Advisors) and Tatjana Halapija (Nada Projekt), EECFA Croatia

Q4 2024 Permit-Completion in EECFA area

Rusty

Update on designated rust belt action areas in Hungary>>article

EBI Romania 16 December 2024

Started construction works in Romania EBI Construction Activity

EBI Hungary 2024. december 13-i állapot

EECFA 2024 Winter Construction Forecast

EECFA released its 2024 Winter construction forecast on 16 December. Read the summary here.

EECFA news on Ukraine

Post-war reconstruction of Ukraine: plans and prospects>>blog post

Press Release on EBI Construction Activity Report Hungary

Value of started projects in Hungary between January and September 2024 almost 17% down y-o-y>>article

EECFA news on Croatia

The Croatian hotel sector: Will it lead the way?>>blog post

EECFA news on Russia

Life after the preferential mortgage scheme in Russia>>blog post

EECFA article on Türkiye

Quake reconstruction efforts in Türkiye taking their toll on the economy>>article

Press Release on EBI Construction Activity Report Hungary

Q2 registers historically low quarterly Activity-Start in Hungarian construction, but H1 is not so bad>>article

EECFA 2024 Summer Construction Forecast

Summary of the 2024 Summer Construction Forecast for EECFA

EECFA News on Bulgaria

This would impact public investments in Bulgarian construction. Read the article

Hungarian construction industry kicked off well in 2024

EBI Construction Activity Report Hungary Q1 2024 Press Release

The duality of housing affordability in Romania

Article written by Dr. Sebastian Sipos-Gug (Ebuild srl, EECFA Romania) can be read here

2023: a weak year-end in Hungarian Construction Activity-Start

Press Release on EBI Construction Activity Report Hungary is available here

EBI Romania started construction works

New EBI Romania data are out. Check the poster here

EBI Építésaktivitási Jelentés Magyarország

Frissült a teljes építési piacot részletesen bemutató EBI Építésaktivitási Adatvizualizáció

Slovenia: an ambitious public housing plan

The government has unveiled an ambitious public policy plan in Slovenia. It is aimed at constructing affordable rental housing units. >>>Read the full article

EBI Construction Activity Report Romania

EBI Romania started construction works >>> Read more

EECFA 2023 Winter Construction Forecast

EECFA, which celebrates its 10th anniversary this year, released its 2023 winter construction forecast on 15 December 2023. The new reports can be purchased, and a sample report can be viewed at eecfa.com. Press release

Press Release on EBI Construction Activity Report Hungary Q3 2023

Most construction works started in Eastern Hungary. Full blog post

What happens to the construction market of Ukraine amid the war

Read the full article

RRP of Bulgaria revisited

After months of no updates, September and October this year brought news for the future prospects of the Recovery and Resilience Plan (RRP) of Bulgaria. Full blog post

EBI Romania started construction works 13 Oct 2023

Find the summary of our monthly findings here

EBI megkezdett kivitelezési munkák 2023. október 6.-i állapot

Fõbb megállapítások

A hidden threat to the Russian housing market: demography

Negative demographic trends in Russia are conditioning lower demand on the housing market in the coming decades. Read more

Press Release on EBI Construction Activity Report Hungary Q2 2023

Q2 2023 sees better Construction Activity-Start in Hungary than Q1. Read the full press release here

Q2 2023 Permit-Completion in EECFA area

Permit-completion data for EECFA was updated. Check it out

Rebuilding post-earthquake Türkiye

High inflation in Türkiye so far has continued to rise in the course of this year, given May?s election-fuelled wage increases and the state transfers to rebuild facilities in the aftermath of the February quakes. Read the post

EECFA countries in the European Commission 2023 Macro Forecast

The European Commission 2023 Spring economic forecast for EECFA countries was showing some changes in outlook in comparison with Autumn 2022. Read more

EBI megkezdett kivitelezési munkák 2023. július 7.-i állapot

Fõbb megállapítások

EECFA 2023 Summer Construction Forecast

Poor Q1 2023 construction Activity-Start in Hungary

Press Release on EBI Construction Activity Report Hungary Q1 2023

Slovenian housing construction boom continues, but for how long?

Blog post on Slovenia

April briefing on Serbia

Blog post on EECFA Serbia

EBI megkezdett kivitelezési munkák, 2023. április 2.-i állapot

Adatvizualizáció

Croatian construction output makeup changes: more hospitals, fewer flats?

Article on Croatia

Is the Romanian residential construction market cooling down?

Press Release on EBI Construction Activity Report Hungary Q4 2022

Q4 2022 to see a continued low value of construction starts in Hungary. Read the article here

EBI megkezdett kivitelezési munkák 2023. január 6.-i állapot

EBI Adatvizualizáció frissítve. Mivel év eleje van, megosztottunk egy videót is arról, hogyan lehet csak éves adatokat megnézni.

EECFA 2022 Winter Construction Forecast

Press Release EECFA 2022 Winter

Construction in Hungary leaves a weak quarter behind

Press Release on EBI Construction Activity Report Hungary Q3 2022

What opportunities the RRF can bring to Bulgarian construction

Blog post on Bulgaria

EBI megkezdett kivitelezési munkák

How subsidized mortgages changed the Russian housing market

Q2 2022 Permit-Completion in EECFA area

Go to Permit-Completion visualization

Press Release on EBI Construction Activity Report Hungary Q2 2022

More cautious Hungarian construction industry

How Türkiye is handling the rental housing crisis under the effects of the large number of refugees

Article written by Prof. Ali Türel, EECFA Türkiye

EECFA countries in the European Commission 2022 Macro Forecast

Article by Tünde Tancsics and Dóra Barát, ELTINGA-EECFA Research

EECFA 2022 Summer Construction Forecast

Press Release EECFA 2022 Summer Construction Forecast

Permit-completion data in EECFA countries and Hungary

Update on permit and completion visualization

Q1 2022: new record in Hungarian construction

Press Release on EBI Construction Activity Report Q1 2022.

War impact on EECFA construction markets

A framework of thinking

Q4 2021 Permit-Completion in EECFA area

Check out the updated Permit-Completion visualization of EECFA.

2021 saw an expanding value of started construction works in Hungary

Press Release on EBI Construction Activity Report Q4 2021

How will the National Recovery and Resilience Plan of Romania impact construction

EECFA 2021 Winter Construction Forecast

EECFA 2021 Winter Construction Forecast Report was released on 6 December. Press Release

EBI Construction Activity Report Hungary Q3 2021

Read the press release on the latest EBI Construction Activity Report Hungary.

EECFA news on Croatia

Article on Croatia's economic recovery and construction boom.

EECFA news on Russia

Rental housing in Russia - a potential growth spot. Read the full article

EBI Construction Activity Report Hungary Q2 2021

The press release of the Q2 2021 EBI Construction Activity Report is available here

Building Construction in Turkey during the Pandemic

The Covid-19 pandemic that began in March 2020 has caused significant disruption in the Turkish economy and building construction. Full article

Q2 2021 Permit-Completion in EECFA area

Permit-Completion graphs of EECFA have been updated with Q2 2021 data

Countries of EECFA in the European Commission 2021 Macro Forecast

EECFA Q1 2021 permit-completion data

Our interactive graphs have been updated with Q1 2021 data. More information

EECFA News on Bulgaria

Property demand pushing up Bulgarian residential construction. Read the article

EBI Construction Activity Report Hungary Q1 2021

No improvement visible in Hungarian construction industry. Read the blog post

EECFA News on Serbia

Renewal ratio in EUROCONSTRUCT AND EECFA countries

Housing stock and renewal ratio in Europe in the last decade: Turkey leading the way. Blog post

EECFA News on Ukraine

The construction market of Ukraine amid the pandemic in 2021 seems to be a mixed bag. Read the full article

EECFA Q4 2020 Permit-Completion results

The Permit-Completion visualization of the 8 EECFA (Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey, Ukraine) + 1 Euroconstruct countries (Hungary) has been enhanced with new features. Blog post

EECFA News on Slovenia

Will Covid-19 be remembered as the good crisis for Slovenian construction? Blog post

EBI Construction Activity Report Q4 2020 Hungary

Value of started construction projects on downward track in Hungary: article

EECFA news on Romania

Despite the pandemic home prices in Romania are increasing. But why? Article

EECFA 2020 Winter Construction Forecast 2nd Pandemic edition

The 2020 Winter EECFA Construction Forecast Report was released on 8 December. Press release

EBI Construction Activity Report Q3 2020

Hungarian construction industry could not pull itself together in Q3. Full article

EECFA ON CROATIA

New Croatian government: Turning point or business as usual? Read the full article here

EECFA on Russia

Article on Russian Metropolitan Areas: Crisis Resilience in 2020

EECFA on Bulgarian housing

Read whether COVID-19 will shake Bulgarian housing here

A visual summary to Euroconstruct Special Update August 2020

In most countries the stories after the August revision remained pretty similar to those Euroconstruct forecast in June. Read more

EECFA NEWS ON TURKEY

Turkey: Despite Covid-19 housing transactions historically peaking. Read the full article

Figures on the pandemic impact on Hungarian construction

EBI Construction Activity Report Q2 2020 has been released for Hungary. Press release

EECFA 2020 Summer Construction Forecast, Pandemic edition

The 2020 Summer EECFA Construction Forecast Report was released on 29 June. Our press release is available here

NEWS ON EBI CONSTRUCTION ACTIVITY REPORT ROMANIA

Q1 2020 sees rush to complete ongoing projects in Romania. READ FULL ARTICLE

Q1 2020 Permit-completion results of EECFA countries

Our graphs have been updated with Q1 2020 figures

Q4 2019 Permit-completion results of EECFA countries

Of the 8 EECFA countries, the highest growth of permitted m2 of buildings in 2019 was recorded in Ukraine. READ MORE

NEWS ON EBI CONSTRUCTION ACTIVITY REPORT HUNGARY

The last quarter of 2019 saw another significant decline in launched construction projects in Hungary, amounting to only HUF 424bln worth started total construction works. FULL ARTICLE

EECFA 2019 WINTER CONSTRUCTION FORECAST

The 2019 Winter EECFA Construction Forecast Report was released. NEWS

EECFA 2019 Summer Construction Forecast

On 24 June 2019, the 2019 Summer EECFA Construction Forecast Report up to 2021 was published. READ THE PRESS RELEASE HERE

The past, present and future of Port Koper

The largest Slovenian civil engineering project in recent history, the construction of the second railway connecting Port Koper with the core international railway network in Slovenia, officially started in March 2019. Still, many questions remain to its successful completion. READ MORE

Serbian office trailing on beaten path

Office has been struggling to sustain steady growth as its output performance surprisingly meandered in the previous period. Finally, investments are picking up, but will it be enough to improve market conditions? Full article here

Építésaktivitás vizualizálva: Magyarország

A Buildecon EBI Építésaktivitási Jelentésrõl szóló cikke itt olvasható

Mixed Feelings on the Romanian residential market

Revisiting the Romanian residential construction market

EECFA 2018 Winter Construction Forecast

EECFA released its 2018 Winter Construction Forecast Reports on 5 December 2018. Key findings are summarized in this article

From gloom to boom: Residential market in Serbia

Residential construction in Serbia is performing extremely well with 2018 volumes again surpassing initial expectations. Dejan Krajinoviæ (Beobuild Core D.O.O, EECFA Serbia) has written this article

Russia: mortgage boom

Mortgage loans in Russia have been the most common means for purchasing homes in recent years, compensating for the crisis years of 2015-2016 in Russia. The full blog post written by Andrey Vakulenko (MACON Realty Group, EECFA Russia) can be read here

Turkey forecast in hindsight

In EECFA's many previous forecast rounds, we communicated a soft-landing scenario for Turkey's construction market. After this very turbulent summer, this is a second look taken at our latest forecast

Global warming: near-future effects on the Croatian coastal infrastructure

Blog post written by Michael Glazer (SEE Regional Advisors) and Tatjana Halapija (Nada Projekt), EECFA Croatia: Global warming: near-future effects on the Croatian coastal infrastructure

Residential construction in Bulgaria

Residential construction in Bulgaria - Growth goes on, challenges remain: full article written by Yasen Georgiev and Dragomir Belchev, EPI (EECFA Bulgaria)

EECFA countries in the 2018 Spring Macro Forecast of the European Commission

Before the publication of the 2018 Summer EECFA Forecast Report, the European Commission released its spring forecast, revealing the prospects for almost all EECFA member countries.The main changes are highlighted in this post written by Aron Horvath, PhD, EECFA Research, ELTINGA

EECFA 2018 Summer Construction Forecast

EECFA has released its 2018 Summer Construction Forecast Reports up to 2020. The main findings of the reports are summarized in this blogpost

Housing market prospects in Ukraine

The most likely scenario for the housing market in Ukraine in the current situation of overheating is a gradual deceleration. A sudden market collapse is unlikely. The full article is available here by Sergii Zapototskyi (EECFA Ukraine)

Ljubljana among cities with the fastest growing real estate prices

Ljubljana has strongly rebounded from the recession. Since the bottom of the recession in 2015 till 2017, the average real estate price has increased by 15%. However, the price growth accelerated in 2018, making Ljubljana one of the hottest real estate markets in the world. Read the full article written by dr. Ales Pustovrh (EECFA Slovenia).

Updated Permit and Completion Data 2017

We have updated our interactive permit & completion charts for residential and non-residential buildings

The stability of the Romanian residential construction market

Housing market in Romania is seeing a rapid expansion, which rings the bell to some experts: there is a growing concern that the 2008 turmoil might repeat itself. This article written by Dr. Sebastian Sipos-Gug (EECFA Romania) is looking at the probabilities of this to happen.

Housing Production and Housing Price Relationship in Turkey

Written by Prof. Dr. Ali Türel (EECFA Turkey), this blogpost is to elaborate on the paradoxical situation Turkey is facing: while building construction cost has risen by 22.8 per cent in nominal, 9.8 per cent in real prices, real housing prices have decreased by up to 7 percent.

EECFA 2017 Winter Construction Forecast and Revision

EECFA, the forecasting association conducting research on the construction markets of 8 Eastern-European countries, published its 2017 Winter Construction Forecast Reports on 4 December. A concise summary on the main findings is outlined here.

Retail in Serbia: primed for take off

Retail sector in Serbia is now reaping the benefits of the permit reform launched in 2015 with the country now experiencing a new investment cycle of the construction of high-volume international-type shopping malls. The full article was written by Dejan Krajinoviæ, Beobuild Core, EECFA Serbia.

Housing market in Russia

This article, written by Andrey Vakulenko, MACON Realty Group, EECFA Russia, is showing another angle of predicting housing market developments in Russia: Demand potential shaping future market dynamics.

Dealing with construction permits in Bulgaria, Hungary, Romania

Buildecon coordinated the Subnational Doing Business project of The World Bank on two indicators (dealing with construction permits and getting electricity) in the private sector in Hungary in 2016. This article is looking at the key findings on the dealing with construction permits indicator in Bulgaria, Hungary and Romania.

Game of Towers

Written by Yasen Georgiev and Dragomir Belchev, EPI, EECFA Bulgaria, this article is about New Dynamics in Office Construction in Sofia.

EECFA 2017 Summer Construction Forecast and Revision

EECFA has released its summer construction forecast on 16 June 2017 on Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey and Ukraine. This blogpost intends to summarize the most important projections for these construction markets for the years 2017-2019. 

Agrokor aggravation

Do the Agrokor Group's tribulations threaten the Croatian construction sector? This article, written by Michael Glazer, SEE Regional Advisors and Tatjana Halapija, Nada Projekt, EECFA Croatia, is answering this question.

Small is beautiful and has the potential to grow!

This article, written by Ales Pustovrh, Bogatin, EECFA Slovenia, looks at how the Slovenian economy has rebounded after the recession, which is improving the construction industry and might even result in the implementation of big projects.

2016 Permit-Completion results of EECFA countries

Our updated residential and non-residential graphs are available. More details

EECFA 2016 Winter Forecast

EECFA has released its winter construction forecast reports on 2 December 2016. In this post you will find the concise summary on our expectations for the 8 construction markets we are dealing with: Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey and Ukraine.

EBI Construction Activity Report

EBI Construction Activity Report is the collaboration of three research companies where ibuild.info contributes with project research and its project database, while ELTINGA and BUILDECON contributes with developing the indices and aggregating the algoritms. Article

Q2 2016 Permit and Completion results of EECFA countries

In Q2 2016 the number of permits issued in the latest 4 quarters for residential homes increased in the Balkan EECFA countries together, compared to the same period last year. Turkey registered growth in this term, while Ukraine?s Q1 2016 figures are up. More information

The Do-It-Yourself guide to success in Central Eastern Europe

In this post, we first define success in CEE. Second, using the Global Competitiveness Report, we analyze what aspects could help a country achieving that success. And third, we present you the ultimate D-I-Y Success Guide to CEE.

New manufacturing coming: Europe or China will be the new China?

The way we manufacture products is about to change dramatically in the next decade.
Full article

EECFA countries in the European Commission (EC) 2016 Spring Macro forecast

The Spring Forecast of the European Commission has been released, and it covers EECFA member countries: Russia, Turkey, Romania, Serbia, Slovenia, Croatia, and Bulgaria, it only lacks Ukraine from the EECFA?s coverage. Read more

Q4 2015 Non-residential: permit and completion

As almost all Q4 figures were published, we have updated our interactive graphs containing quarterly development of permit and completion in the countries we cover. Details

What has the EU ever done for us? Roads! Infrastructure!

Transport investment = EU money. At least in the CEE region. Declining EU funds and moderate economic growth point towards lower levels of transport investment in the coming years, especially in the CEE region. Read the full post

The coming wave of energy efficiency investments

This article deals with a new wave of energy efficiency investments in housing.

80th EUROCONSTRUCT Conference hosted by Buildecon

Buildecon hosted the 80th EUROCONSTRUCT Construction Forecasting Conference which included a lot of new features and covered altogether 27 countries including EECFA region.
Conference website

The oil price decline and the construction market: riding the Saudi bull

After assessing the impact of immigration on the European Union, this post concentrates on another current issue: the oil price decline and its consequences on the construction sector. Read more

Increasing immigration

Our current post is the next in line dealing with migration that has an impact on construction. Such issues will be discussed at the 80th EUROCONSTRUCT Conference.

Europe at crossroads: Economic decline and the possibilities of increased immigration

There is a series of current issues having an impact on construction that will be discussed at the 80th EUROCONSTRUCT Conference and first, we would like to address a very current issue in Europe: migration. There are many aspects of this phenomenon and it would be hard to present them all. Instead, we will address only one: how immigration can help slowing the ageing of the population in the EU and thus increase growth prospects. Full article

Buildecon >> EECFA

Twelve years after Buildecon was founded with the purpose of carrying out comparable research in 8 Eastern European construction markets, and after two years of nesting, there is a major change in our life. A new association was formed last November in order to serve your market intelligence and planning needs better. In it, local research institutions work under the umbrella of a central body. This is the Eastern European Construction Forecasting Association. The first materialization of this transition is a conference organized by EECFA in Moscow this September, and all Forecast Reports will be released there. Please check out the programme on www.eecfa.com. This transition does not affect our membership in Euroconstruct, thus, we will continue to provide the Hungary Report to Euroconstruct in the future as well.