The Construction Market in Constanta

What Happened to Constanta? The Rising City of Romania

Constanta is now experiencing an economic boom and rapid development. It is because the construction sector in Constanta has been steadily increasing over the last decade. Many buildings are currently being built owing to a number of construction firms and rental businesses assisting with the projects. Romania's economic growth has been nearly uniform across all sectors, with the greatest share going to services, followed by agriculture, manufacturing, and construction.

Going back to history, Constanta began to see a construction boom in the early 1990s when it became one of Romania's major construction sites. Its position on the coast of the Black Sea makes it more susceptible to international trade—it houses both important Romanian ports, namely Constanta Port and Agigea Port, as well as a popular tourist destination for its beautiful Constanta beaches.

This blog post will explore what construction market trends have happened in Constanta over the past five years and how they may affect construction markets going forward.

Construction in Constanta is rapidly developing into an exciting business and accounts for a major percentage of the city's economy. Some major town contributors in the city are Mamaia and Mamaia Summerland, Navodari, Agigea, Palazu Mare, and Ovidiu. In 2016, the construction market in Constanta expanded to 1 billion euros, with growth each year. The construction industry has a wide range of possibilities, whether you're looking for building supplies or services. It has enticed several building firms over time and will continue to do so as it grows.

Many people work in the construction sector in Constanta, making the construction market a significant component of the labor force. Because this location has seen a boost in demand for residential houses, there are many possibilities for building projects. Some of the most important things to know about the construction industry in Constanta are outlined in this blog article, including how it differs from other parts of Romania and why many business-minded people should consider starting their own business there.

Increasing Construction Business in Constanta

The construction industry in Constanta is one of Romania's major economic sectors. The sector is not just important for Romania, but also for the rest of Europe and, perhaps, the globe. Construction firms are in charge of constructing houses, office developments, shopping malls, and so forth. They spend a lot on this sort of initiative so that they may make greater money from it.

In recent years, the construction market in Constanta has demonstrated a positive turnaround. The residential construction sector is on a positive trend, and public investment projects will add to it in 2019.

Romania's real GDP growth rates have increased, thus demand for housing has risen as well. According to official data, Romania's economic expansion rate continued to improve in 2016 with a yearly value of over five percent. As a result, the Romanian National Bank (BNR) raised its economic growth prediction for this year by half point to over five percent from four-point-six percent previously.

Surprisingly, public investment projects have a positive influence on the Constanta real estate market. Public funds have been allocated to road and bridge widening projects, which will promote development across industries, including commercial real estate markets. These investments are worth more than RON 225 million altogether.

The positive construction sector development also reflects good economic developments in Romania as a whole and Constanta particularly. According to the National Institute of Statistics (INS), the total value of residential permits issued in 2016 was about Euro 123 million, which represents an increase from 2015 when this figure was approximately Euro 100 million.

Over the last ten years, foreign investors have increased in number, with an increase in interest from buyers originating from Italy and Spain. Construction development in Constanta is anticipated to flourish during the next several years.

Places Have Been Newly Constructed/Renovated

Summer city of Mamaia Nord

Currently, under construction, the building is constructed on the sand near the Black Sea, on the Constanta North coast. The part has been developed by Jamar Corporation, one of the most prolific companies that have built over 20,000 housing units for international clients all across Europe since its foundation back in 1950. It will be an exclusive place with luxury facilities offering holiday omes surrounded by green spaces and amenities nearby, including a golf course and spas. 

Petromidia Refinery in Navodari

One project under construction right now in Navodari is Petromidia Refinery. The refinery is the largest Romanian oil refinery and one of the largest in Eastern Europe. The refinery suffered an explosion last July 2, 2021, but this has not deterred investors from putting more money into its completion. 

Agigea-Constanta Port

In the coming years, Agigea will also be an essential hub in logistics to serve Romania’s national market as well as international markets where Romanian companies can meet their goals of expanding business abroad. That is why the Agigea port is constantly under construction to meet the demands of a growing market in Romania and abroad. These changes are expected to improve railway connections from Agigea hub with other major cities such as Constanta and Bucharest.

Kran, a construction rental agency in Agigea, is known for executing complex projects with excellence in many areas in Agigea port. Thanks to Kran and other construction companies, the under-construction port is now being developed quickly as possible.

Private Manufacturing Factories in Palazu Mare

The manufacturing warehouses and storage appearing in Palazu Mare is an excellent example of the booming construction market in Constanta. Not only does it help the industrial sector of the city, but it also offers excellent transport links and easy access for trucks, vans, and other vehicles from nearby highways. The private industries also create more jobs for the local communities.

Kran also takes part in the construction of these warehouses in Palazu Mare. With the help of its construction machinery and their professional team, they were able to execute all construction tasks assigned to them excellently.

Construction Equipment Frequently Rented in Constanta

Tools are essential for building or fixing small structures. However, when we are talking about something big like houses, warehouses, or even buildings, we also need bigger construction equipment in the scene. In this section, we will explore the frequently rented construction equipment in the location, and it might help you rent one for your project.

• Crane - Cranes are used for lifting heavy objects to high places. They are the frequently rented machines in Constanta because of their versatility and the number of helps it gives to construction sites. May it is mobile or fixed, a rental of a crane will significantly reduce the effort for their projects.

• Forklift - there are many types of forklifts, but the well-rented ones are the container forklifts. Since Constanta owns two major ports of Romania, large-scale forklifts are needed to load and unload freight containers to ships and trucks.

• Tractor - Constanta is surrounded by the water on its eastern side, while agricultural lands surround it on its western side. A rental of tractors greatly helps the farmers to cultivate or plow a hectare of farm or move large equipment to distant places.

• Backhoe Loader - When preparing a construction site in every place in Constanta, a backhoe loader is the most useful equipment because it has a large digger on its front to move debris or remove anything. It also has a designed bucket at the rear which helps in digging the earth if needed.

• Road Roller - road rollers are now widely used for road works in Constanta. It helps with the road pavements; however, it is also used for construction areas and consolidation projects in the Danube-Black Sea Canal river banks. It compacts and flattens the area, which is one of the initial stages in construction projects.

• Concrete Vibrators - since tampering machines were introduced in Constanta, many buildings have been eager to use them. Its mechanism is simple: vibrate the freshly poured concrete to remove bubbles and voids created by air. By eliminating the air, strengthens the concrete and makes it more durable.