Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

EE - Eesti Statistika : Construction, 4th quarter 2012

03/01/2013 | 02:05am US/Eastern

The production value of building construction was 1.2 billion euros and the production of civil engineering works totalled 849 million euros. Compared to 2011, the volume of building construction in real terms increased by 20% and the volume of civil engineering by 16%. The growth is caused mainly by repair and reconstruction work of buildings and was also supported by the civil engineering works. Despite the high growth rates during the last two years, the volume of the construction market in real terms is comparable with the years 2006 and 2008 and remained by more than a sixth smaller than in 2007, the most successful year on the construction market so far.

In 2012, the construction volume of Estonian construction enterprises in foreign countries increased 13%. The growth was mainly caused by building construction. Construction volumes in foreign countries accounted for 11% of the total volume of construction.

The completion of new dwellings which had stayed on decline trend for four years started to grow again in the previous year. According to the data of the Construction Works Register, the number of dwellings completed in 2012 was 1,990, i.e. 72 dwellings more than in 2011. Similarly to the previous years the largest share of completed dwellings was situated in blocks of flats and every second dwelling had two or three rooms. Since 2008, the share of dwellings situated in blocks of flats has continually decreased, which has increased the average floor area per dwelling. In 2012, the average floor area of a completed dwelling was 117 square metres. The majority of completed dwellings were situated in Tallinn, followed by the neighbouring rural municipalities of Tallinn, and Tartu county.

In spite of consumers' price sensitivity, the demand for new dwellings with good location and quality has continued. Several new developments have appeared on the market, especially among higher buildings (six or more storeys), the construction of which had practically stopped in the intervening years. In 2012, building permits were granted for the construction of 3,035 dwellings, which is nearly a tenth more than a year earlier.

In 2012, the number of completed non-residential buildings was 840 with the total useful floor area of 474,000 square metres - this was primarily made up of new agricultural, commercial and storage premises. Compared to 2011, there was an increase in both the useful floor area and the cubic capacity of completed non-residential buildings.

In the 4th quarter of 2012, the production value of construction amounted to 563 million euros, which is 9% more than in the 4th quarter of 2011, whereas the construction of buildings increased by 16% and the construction of civil engineering works stayed on the same level.

Construction volume index, 2000-2012 (2005=100)

distributed by
React to this article
Latest news
Date Title
06:39a SOUTHGOBI RESOURCES : Court of Justice of Mongolia Declares that SouthGobi Sands and Three of Its Former Employees are Guilty of Tax Evasion
06:38a SOUTHGOBI RESOURCES : Court of Justice of Mongolia Declares that SouthGobi Sands and Three of Its Former Employees are Guilty of Tax Evasion
06:35a DANA GAS PJS : Achieves Significant Milestones in Successful Execution of Growth Plans in Egypt
06:35a BAOBAB RESOURCES : Result of AGM
06:35a PETROLINVEST : Periodic reports publication schedule 2015
06:35a BAOBAB RESOURCES : Project Update
06:25a TIARO COAL : Appendix 5B Mining exploration entity quarterly report
06:25a TIARO COAL : Quarterly Activities Report
06:23a BEAM : Road Trip! Destination: Louisville, Ky.
06:21a ARCELORMITTAL : BRIEF: LABOR: Layoffs have been cause for concern
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Drought woes spread to another Brazilian state
BERKELEY MINERAL RESOURCES : Obsidian IR
Gulf Resources Announced Finding of Natural Gas Resources Under Its Bromine Well in Sichuan Area
RAMBLER METALS & MINING : Implements Revised Plan at the Ming Copper-Gold Mine
UNISYS : posts 4Q profit
Most Read News
01/31 U.S. regulators recall 2.1 million vehicles in new air bag issue
01/31 Lafarge SA, Holcim near deal to sell $7 billion in assets to CRH - WSJ
01:19a GM and China’s SAIC to push into Indonesia with no-frills vans
01/31 Firms prepare for new tax rules as China vows crackdown
01/31 LAS VEGAS SANDS : Price Target Lowered to $72.00 at Stifel Nicolaus (LVS)
Most recommended articles
04:09a Fed's 'solid' growth view faces test as Greek drama unfolds
03:14a Austrians rue starting fashion for Swiss franc mortgages
01:20a GM and China’s SAIC to push into Indonesia with no-frills vans
01:12a Islamic finance looks to outgrow bad habits as it expands
01/31 China factory sector jolts by shrinking in January
Dynamic quotes  
ON
| OFF