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
Recommend:
0

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
Recommend :
0
React to this article
Latest news
Date Title
<1m ago ITC : Q1 net rises 15.6 pc to ` 2,186 cr
<1m ago BAYERISCHE MOTOREN WERKE : Drunk help crashes Singhvi's car in Delhi
<1m ago Abducted Kanpur woman found dead
<1m ago BANK OF INDIA : UBI reveals NPAs but SBI & others decline
<1m ago Businessman grilled in murder case
<1m ago ' Khoobsurat' end in store for TV show
1m ago ADVANTEST : Global Deployment of New MPT3000 Testers for Solid-State Drives Commences With Multiple Orders
1m ago ERICSSON : to deliver fixed wireless and satellite ground services for Australia's NBN Co
2m ago TRAVIS PERKINS : Gives Buoyant Outlook As Profit Jumps In First Half
2m ago SBERBANK ROSSII : DGAP-Regulatory: Sberbank: STATEMENT of the Material Fact 'On holding of a meeting of the Board of Directors (Supervisory Board) of the issuer and its agenda'
Latest news
Advertisement
Hot News 
ECLECTIC BAR : expanding to Liverpool
GUERBET : 2014 first-half results
DELFINGEN : Industry : Net sales for the first semester 2014
PETRA DIAMONDS : Plunges as investor dumps 43m shares
GKN : tops FTSE on higher profits from car division
Most Read News
1d ago FACEBOOK : Twitter assuages growth concerns for now as shares soar 35 pct
1d ago AMAZON : says lower ebook prices benefit authors, publishers
1d ago GENERAL MOTORS : GM sued over deaths, injuries linked to ignition switch
1d ago MOODY : Investment Services affirms Aa2 credit rating for Quebec
1d ago BUFFALO WILD WINGS : 2Q profit climbs 44 percent
Most recommended articles
4m agoDJSCHNEIDER ELECTRIC : 1st Half Net Profit Hurt by Euro Strength
5m ago China's investors go on global property buying spree in first-half, London, U.S. most popular - JLL
5m ago EUR/USD to Face Further Losses on Strong U.S. 2Q GDP
7m agoDJOfgem Sets Out UK Grid Operators' 2015-23 Pricing Plans
11m ago BARCLAYS : profits down as investment bank income sags
Dynamic quotes  
ON
| OFF