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Ceturtdiena 19.01.2017 | Name days: Alnis, Andulis
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Construction volume down 1.2% in Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn Q4 2015, construction production volume according to calendar adjusted data at constant prices decreased by 6.2 % as compared to the corresponding period of 2014.

Construction production volume at constant prices accounted for EUR 500.5 million.

Construction of buildings dropped by 8.5 %, of which residential buildings by 23.4 %, non-residential buildings – by 3.6 %. Construction of civil engineering structures went down by 3.9 % and it was affected by the decrease of the construction volume of highways, streets, roads, airfield runways and railways by 12.2 % as well as of main pipelines, communications and power transmission lines – by 9 %, according to the latest information from the Central Statistical Bureau of Latvia.

In turn, construction of harbours, waterways, dams and other water works increased by 59 %, construction of local pipelines and cables by 30.5 % and construction of bridges and tunnels by 6.5 %.

In Q4 2015 as compared to the previous quarter, construction production volume according to calendar adjusted data at constant prices decreased by 5.9 %, of which construction production volume of buildings – by 3.2 % and construction volume of civil engineering structures – by 8.0 %.

In 2015 as compared to 2014, construction production volume according to calendar adjusted data decreased by 1.2 %, amounting to EUR 1,743.8 million at constant prices. Construction of buildings went down by 7 %, of which construction of residential buildings by 8.5 %, but construction of non-residential buildings by 6.5%. In turn, construction of civil engineering structures rose by 5.2 %. The volume of construction of local pipelines and cables increased by 26 % and the construction of harbours, waterways, dams and other water works – by 22.7 %. The volume of construction of bridges, elevated roads and tunnels significantly dropped by 18.4 %, and the volume of construction of main pipelines, communications and power transmission lines dropped by 11.1 %.

In Q4 of 2015, 462 building permits1 were granted for the construction, capital repairs, reconstruction and restoration of single dwelling buildings with the total floor space of 87 thousand m2. Of the total number of granted building permits two thirds (66 %) of building permits were granted for the construction of new buildings with the intended floor space of 60.4 thousand m2.

79 building permits were granted for the construction, capital repairs, reconstruction and restoration of new industrial buildings and warehouses with the intended floor space of 83.9 thousand m2, of which a half (49.4 %) – for the construction of new buildings with the intended floor space of 28.3 thousand m2.

2,038 building permits were granted for the construction, capital repairs, reconstruction and restoration of single dwelling buildings with the total floor space of 402.1 thousand m2 in 2015. 1,383 or 68 % of building permits were granted for the construction of new single dwelling buildings with the intended floor space of 281.6 thousand m2. 296 building permits were granted for the construction of industrial buildings and warehouses with the intended floor space of 468 thousand m2, of which 151 building permits – for the construction of new industrial buildings and warehouses with the intended floor space of 181.1 thousand m2.

Ref: 102.109.109.9523


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