"Construction in Lithuania - Key Trends and Opportunities to 2017" Now Available at Fast Market Research
The Lithuanian construction industry recorded a CAGR of -15.50% during the review period (2008-2012). The housing market contracted in 2009 as interest rates began to rise and banks tightened their lending conditions. Deflation in the property sector was one of the key factors in the decline in domestic demand and contributed to the country's economic contraction of 15% in 2009. Infrastructure investment supported the construction industry during the financial crisis, recording the lowest decline of all construction markets during the...
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