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 rise in 2018/2017 in terms of surface (22.7%), permits (10%) and volume (21.3%).
The rental price index has significantly declined over the last decade, while over the period 2018-2019 it seems to be stabilizing. The housing price index in urban areas has been falling steadily since 2008, but in 2018 it is showing signs of recovery.
The gross value added of the "Real Estate Management" sector has registered a decline over time in recent years while during the period 2018/17 it dropped by 3%.