Construction activity in Greece expected to rebound this year

After almost a decade of constant decline, construction professionals in Greece estimate that 2016 could be a rebound year, ekathimerini.com reports.

They stress that had it not been for the three-week bank holiday last summer and the introduction of the capital controls, construction activity could have started to rise from 2015.

Last year concluded with a marginal decline in construction activity in terms of volume (0.2 percent), against a 5.8 percent drop in 2014 and a 25.6 percent slump in 2013.

In the first quarter of last year activity had soared 29.2 percent on an annual basis, but the capital controls and the political uncertainty forced that growth to reverse.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

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