Be the first to like this
View Report: http://www.researchmoz.us/construction-in-estonia-key-trends-and-opportunities-to-2017-report.html
The Estonian construction industry recorded a CAGR of -6.69% during the review period. The housing market cooled in 2008 as interest rates began to rise and banks tightened their lending conditions. Deflation in the property market was one of the main reasons for the decline in domestic demand and was a major contributor to the country witnessing an economic contraction of over 14% in 2009.