2008, first year of slowdown in growth of market for construction materials
At the start of the year, the estimates of the producers of PVC windows, paints and ceramic tiles were extremely optimistic, anticipating an ascending trend, similar to the one recorded in 2007.
But the effects of the problems in the real estate sector have dampened the enthusiasm of the players, who forecast a decline in the market, despite the 35% growth in the construction sector in H1.
Radu Ionescu, sales manager of Europlast Industries, considers the market will stagnate this year and this year’s growth will stand at only 2-3%. The reasons for this are the postponement of several real estate projects, the lack of finance and the workforce deficit.
Delta Distribution, says the main reasons for this year’s drop were the standstill of the real estate market and the toughening of the retail crediting conditions.
The sales of new apartments fell 50% in H1 versus H1 2007, and the transactions with the old apartments were postponed for H2, as the homeowners preferred to wait for the prices to get stabilized.