According to Statistics Estonia, in the 2nd quarter of 2016 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries increased 4%.
In the 2nd quarter of 2016, the production value of construction enterprises amounted to 525 million euros, of which the production value of building construction was 354 million euros and the production value of civil engineering was 171 million euros. Compared to the 2nd quarter of 2015, the volume of building construction increased 16% and the volume of civil engineering decreased 13%.
The domestic construction market was still influenced the most by a fall in civil engineering volumes, while building construction continued to grow. Compared to the same period of the previous year, there was a growth in new building construction as well as in repair and reconstruction work in building construction.
The construction volume of Estonian construction enterprises in foreign countries increased about a third compared to the 2nd quarter of 2015, influenced mainly by the construction of buildings. Construction volumes in foreign countries accounted for 12% of the total volume of construction in the 2nd quarter of 2016.
According to the Register of Construction Works, in the 2nd quarter of 2016, the number of dwelling completions was 1,325, i.e. 598 dwellings more than in the same period a year ago. More than a half of the completed dwellings were situated in blocks of flats. The majority of completed dwellings were situated in Tallinn.
There is still a demand for new high-quality dwellings in a good location. In the 2nd quarter of 2016, building permits were granted for the construction of 1,817 dwellings, which is 6% more than in the 2nd quarter a year ago. The most popular type of building was a block of flats.
The number of completed non-residential buildings was 243 with a useful floor area of 192,000 square metres – this consisted primarily of new accommodation, commercial and storage premises. Compared to the 2nd quarter of 2015, both the useful floor area and the volume of completed non-residential buildings increased.
Source: Statistics Estonia
Filed under: Real estate |