Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

EE - Eesti Statistika : Construction, 4th quarter 2012

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/01/2013 | 08:05am CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news
Date Title
03:14p GREATER BIRMINGHAM CHAMBER OF COMMERCE : Shell oils the wheels of future city cars
03:09p CHEVRON : Reports First-Quarter Loss of $725 Million
03:08p Air France-KLM to name Jean-Marc Janaillac as new CEO
03:06p MANCHESTER UNITED : Leicester’s Kasper Schmeichel can feel his destiny calling at Old Trafford
03:04p MINISTRY OF FOREIGN AFFAIRS OF PEOPLE REPUBL : Wang Yi Made a Four-point Requirement on Improving China-Japan Relations
03:04p SEAGATE TECHNOLOGY : Announces Preliminary Financial Information For Fiscal Third Quarter 2016
03:01p COMCAST : Volunteers "Make Change Happen," Beautifying Four Sites In Vermont On 15th Comcast Cares Day
03:01p COMCAST : Volunteers "Make Change Happen," Beautifying Eight Sites Across Connecticut On 15th Comcast Cares Day
03:01p CITY YEAR : Joins Comcast NBCUniversal for 15th Annual Comcast Cares Day
03:00p TUNE IN TODAY : Yahoo Hosts First-Ever Live Stream of Berkshire Hathaway Shareholders Meeting
Latest news
Advertisement
Hot News 
ANDALAS ENERGY AND POWER : Issue of Zero Coupon Loan Note
6D GLOBAL TECHNOLOGIES, INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
AVOLON : sustains strong performance as fleet increases to over 400 aircraft
PETRO MATAD : Expecting "Highly Material" Compensation From Partner
HML : Director Dealing April 2016
Most Read News
04/29 SAMARCO MINERAÇÃO : Citizen’s Home is inaugurated in Anchieta (ES)
04/29 EMERALD PLANTATION : Notice of Extraordinary General Meeting
04/29 Introducing New Villa Homes In The Charming Town Of Noblesville, IN
12:15a NIOC NATIONAL IRANIAN OIL : Asias March Iran Oil Imports Up 50
04/29 IMPORTANT LA QUINTA Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been commenced on behalf of shareholders of La Quinta Holdings Inc. -- LQ
Most recommended articles
09:08a Air France-KLM to name Jean-Marc Janaillac as new CEO
08:01aDJMARKET SNAPSHOT : Wall Street Not Rewarding Low-expectation Earnings Beats
05:45a Daimler hires Deloitte for internal emissions probe
05:45aDJCOMING TO MIDTOWN : Bank of China
02:49aDJSequoia Reopens To New Clients -- WSJ