Analytics, Construction, Estonia, Statistics
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 09:14
Construction volumes increased in Estonia in the 2nd quarter
In the 2nd quarter of 2016, the production value of
construction enterprises amounted to 525 mln euros, of which the production
value of building construction was 354 mln euros and the production value of
civil engineering was 171 mln 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.