Factors Affecting the Construction Development In the European Union

The Construction industry plays a key role for governments in both growing and mature economies. The sector creates new jobs, drives economic growth, and provides solutions to address social, climate and energy challenges. The construction industry has important linkages with other sectors, so that its impact on GDP and economic development goes well beyond the direct contribution of construction activities. Most factors, which influence and drive change in the sector, will affect the sector in the years to come. Most of the driving forces mentioned are external factors, which are changing the framework conditions. The main aim of this article is to point out the impact of important factors on the development of the construction sector in EU.