One United Properties continues to execute award-winning projects which have not only made their mark on the Romanian capital, but also positively impacted communities within the city
A country’s construction sector is a good indicator of its overall economic health.
In 2008-09 the global financial crisis struck economies all over the world, and the effects of the crash are still being felt 10 years on as governments continue to cut back and investors remain wary of taking on high levels of risk.
Romania, as with Europe as a whole, saw its construction sector contract following the events of a decade ago.
Activity dropped steeply in the immediate aftermath, a pattern which continued for several years as the evolution of new development prospects faced many challenges.
However, since 2013 the market has been recovering. According to research carried out by the European Commission, there were 89,943 enterprises and 608,715 people engaged in the broad construction sector in Romania in 2016, respective increases of 7.6 percent and 2.9 percent since 2010.
Read the whole article here: https://www.emeoutlookmag.com/outlook-features/one-united-properties