Construction volume increased in the 3rd quarter
According to Statistics Estonia, in the 3rd quarter of 2018 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries increased by 16%. Taking into account only Estonian construction market, construction volume increased by 18%.
In the 3rd quarter of 2018, the production value of construction enterprises amounted to 863 million euros, of which the production value of building construction was 527 million euros and the production value of civil engineering was 336 million euros. Compared to the 3rd quarter of 2017, the volume of building construction increased by 13% and the volume of civil engineering by 22%.
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 by 7% compared to the 3rd quarter of 2017, mainly on account of smaller volume of building construction. Construction volume in foreign countries accounted for 6% of the total volume of construction in the 3rd quarter of 2018; the share in the same period a year ago was 8%.
According to the Register of Construction Works, in the 3rd quarter of 2018, the number of dwelling completions was 1,395, which is 85 dwellings less than in the same period a year ago. The majority of completed dwellings were situated in Tallinn, followed by the rural municipalities in the vicinity of Tallinn, and in Tartu county.
In the 3rd quarter of 2018, building permits were granted for the construction of 1,673 dwellings, which is 4% less than in the 3rd quarter of 2017. The most popular type of building was a block of flats.
The number of completed non-residential buildings was 206 with a useful floor area of 305,000 square metres – these were primarily new industrial and storage premises. Compared to the 3nd quarter of 2017, both the useful floor area as well as the volume of completed non‑residential buildings increased.
The statistics are based on the questionnaire “Economic activity, quarter”, the submission date of which was 21 October 2018. Statistics Estonia published the quarterly summary in 25 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.