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
Latest news
Date Title
<1m agoDJChina Third-Quarter GDP Slows
<1m agoDJChina September Industrial Output Growth Picks Up
2m agoDJTOTAL : CEO of French Oil Giant Total Dies in Moscow Plane Crash
3m ago Total CEO de Margerie killed in Moscow business jet accident
4m ago TURTLE BEACH : HyperSound Virtual Reality Audio for Retail to be Showcased at Shopper Marketing Expo 2014
4m ago TEIJIN : Aramid’s Former CEO Alberda van Ekenstein Named Officer in Order of Oranje Nassau
4m ago NOVELIS : Opens China's First Manufacturing Facility for Heat-Treated Aluminum Automotive Sheet
4m ago TEIJIN : to Participate in Care & Rehabilitation Expo China 2014
4m ago FORRESTER RESEARCH : Digital Business Agility Top Priority For China Retailers
9m ago DATELINE RESOURCES : SB_Executive Director Role
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Novo Banco's Angolan Bank to Lose Most of Loan From Collapsed Banco Espirito Santo
DOMINION MIDSTREAM PARTNERS : Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K)
NUTRECO : SHV and Nutreco announce a recommended cash offer of EUR 40 per share for all shares of Nutreco
PRESIDENT ENERGY : Oil Discovery in Paraguayan Chaco
SINOCOKING COAL AND COKE CHEM IND : Aboveground Syngas Facility Commences Operations
Most Read News
3h ago Chipotle stock dips as sales growth forecasts come down
1h ago New Microsoft CEO pay tops $80 million with big stock awards
2m ago Total CEO de Margerie killed in Moscow business jet accident
3h ago Lockheed says has plan to catch up on F-35 deliveries by year-end
4h ago GULFMARK OFFSHORE : Announces Third Quarter 2014 Operating Results
Most recommended articles
2m agoDJTOTAL : CEO of French Oil Giant Total Dies in Moscow Plane Crash
2m ago Total CEO de Margerie killed in Moscow business jet accident
20m agoDJCDC Issues Guidelines for Treating Ebola Patients
23m agoDJAsian Shares Await China Growth Data
39m agoDJAustralian Central Bank Eyes Home Loans
Dynamic quotes  
ON
| OFF