TRENDS IN THE REAL ESTATE SECTOR IN ROMANIA AND PORTUGAL

Abstract

The paper aims to present the real estate sector in Romania and Portugal with the trends of evolution and its importance in the economy of the two countries. The analysis is focused on the following indicators: the construction volume index, the construction cost index, the number of enterprises, the number of persons employed, the turnover, the weight in the Gross Domestic Product, etc. The analysis of the indicators shows a downward trend until 2012- 2013, followed by a growth trend, but without reaching the level of turnover in the year 2008 in Portugal. In contrast, turnover in Romania declined until 2012, but then gradually increased, reaching in the year 2015 the value of 2008, and in 2017 there was an increase of 13.11% compared to the maximum level of the year 2008.

Keywords

• construction sector
• turnover
• construction volume
• weight in gdp