International construction market survey 2023
Markets are warm, hot or overheating
Markets are set to warm up
Markets may cool
We are predicting a general softening in construction market activity as we move into the second half of 2023. While the sentiment is that interest rates may have peaked in many markets, we expect rates will be slow to fall.
Neil Bullen, Global Head of Real Estate
© 2023 Turner & Townsend