Renovations to strengthen towards the end of the decade in Europe
Demand is shifting toward high-quality, energy-efficient spaces, despite cost and policy constraints.
Renovation activity in Europe is poised for growth towards the end of the decade, driven by a shift towards energy-efficient and high-quality spaces. However, challenges such as high material costs, constrained household budgets, and limited government financing pose significant hurdles.
The commercial property sector is experiencing a structural transformation, with a notable demand for premium office spaces that meet sustainability standards. Social buildings, including schools and hospitals, are central to the EU’s “just transition” agenda, yet proposed exemptions may limit renovation activity in this sector.
Residential renovations present a substantial opportunity, particularly in countries with ageing and energy-inefficient housing stock. Italy, facing steep renovation needs, exemplifies the challenges and potential within this market, while the availability of government incentives has previously spurred activity across Europe.
Download the report for more detailed insights.
