The real estate industry includes a wide range of activities and a large number of companies which which can be categorized into two main areas of activity: real estate development and management and providing services related to the real estate market.
The number of companies was significantly higher seven years ago, but in the meantime, it significantly decreased.
The demand for property is affected by factors such as demographic developments, the availability of capital, income developments, construction activity, and tax, financing costs, the return on investments (in property), etc.
Construction activity recorded a cumulative decrease of 81% in terms of surface and a decrease of 78% in volume, in 2016 compared to 2008
The rental price index has significantly declined over the last decade, and in 2017 it reached lower levels than those prevailing a decade ago.
The house price index in urban areas has been steadily declining since 2008 registering a cumulative decrease of around 43% over the period 2008-2017.
The rental price index has declined significantly in the last decade, and in 2017 it has fluctuated at lower levels than those prevailing a decade ago.
The housing price index in urban areas has been declining steadily since 2008. The cumulative decrease in the indicator in the period 2008-2017 was around 43%.
The gross value added of the "Real Estate Management" sector has registered a decline over time in recent years while during the period 2016/15 it increased by 1.4%.