Renovation works and upgrades will make an increased contribution to Poland’s construction sector over the coming years, according to research firm PMR.
The company’s latest report, titled Building repairs and upgrading in Poland 2016. Market analysis and development forecasts for 2016-2021, reveals that the trend in increased renovation and upgrade work has already begun in residential construction and, to a certain degree, non-residential construction.
The report claims that civil engineering construction was the only segment to see a marked increase in the contribution made by projects in recent years, which involved the construction of new structures.
It said that the main cause of this development had been the implementation of numerous large-scale infrastructural projects financed with EU money.
It added that, in the non-residential construction segment, the upturn was modest, while the residential construction segment saw a surge in the significance of repair works.
PMR said it expected that the trend would gain momentum in the coming years. As a result, in several years’ time, the Polish market will increasingly resemble its Western European or Scandinavian counterparts, according to PMR.