Analytics, Construction, Estonia, Good for Business, Real Estate
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Friday, 29.03.2024, 06:39
Construction volume of Estonian companies increased by 21%
In the 1st quarter of 2018, the production value of construction
enterprises amounted to 559 million euros, of which the production value
of building construction was 442 million euros and the production value of
civil engineering was 117 million euros. Compared to the 1st quarter of 2017,
the volume of building construction increased 27% and the volume of civil
engineering by 4%.
Building
construction contributed the most to the growth of the domestic construction
market. Compared to the same period of the previous year, construction volume
increased in new building construction as well as in repair and reconstruction
work. The growth was supported also by civil engineering.
The construction
volume of Estonian construction enterprises in foreign countries decreased
approximately by one-half compared to the 1st quarter of 2017, mainly on
account of smaller volume of building construction. Construction volume in
foreign countries accounted for 5% of the total volume of construction in the
1st quarter of 2018; the share in the same period a year ago was 11%.
According to the
Register of Construction Works, in the 1st quarter of 2018, the number of
dwelling completions was 1,676, which is 414 dwellings more than in the same
period a year ago. Approximately a half of the completed dwellings were in
blocks of flats situated in Tallinn.
In the 1st quarter
of 2018, building permits were granted for the construction of 1,524 dwellings,
which is 14% less than in the 1st quarter of 2017. The most popular type of
building was a block of flats.
The number of
completed non-residential buildings was 246 with a useful floor area of 152,000
square metres – these were primarily new industrial and office premises.
Compared to the 1st quarter of 2017, both the useful floor area and volume
of completed non-residential buildings decreased.
The statistics are based on the questionnaire “Economic activity, quarter”,
the submission date of which was 21 April 2018. Statistics Estonia published
the quarterly summary in 23 working days. For the statistical activity
“Financial statistics of enterprises (quarterly)”, the main representative of
public interest is the Ministry of Economic Affairs and Communications,
commissioned by whom Statistics Estonia collects and analyses the data
necessary for conducting the statistical activity.