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Ceturtdiena 18.01.2018 | Name days: Antis, Antons
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Latvia's construction volume increases 5.3%

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn Q2 of 2013, construction volume (at current prices) comprised LVL 257.6 million.

Seasonally adjusted data at constant prices show that, compared to Q1 of 2013, construction volume in Q2 of this year has increased by 1.9%. Of which construction of buildings has dropped by 4.6%, while construction of civil engineering structures has risen by 5.8%.

Compared to Q2 of the previous year, construction volume in Q2 of this year has gone up by 5.3%, according to calendar adjusted data at constant prices. Construction of buildings has grown by 2.3%, of which construction of residential buildings by 44.1% and construction of office buildings – 2.5 times. Due to the notable rise in the construction of main pipelines, communication and power lines (2 times) and building of harbours (2.3 times), construction of civil engineering structures, as compared to Q2 of the previous year, has increased by 7.5%.

Calendar adjusted data at constant prices indicate that, compared to the 1st half of the previous year, construction volume in the 1st half of this year has grown by 6.5%. Of which construction of buildings has increased by 6.8% and construction of civil engineering structures – by 6.3%.

During Q2, 669 building permits were granted for the construction, capital repairs, reconstruction and restoration of single dwelling buildings with total floor space 143.6 thousand m2. Compared to the corresponding period of the previous year, the number comprises 12 building permits less, while 6.7% of the intended total floor space more.  434 building permits were issued for the constriction of new single dwelling buildings with total floor space 99.9 thousand m2 – 7.2% of total floor space more and 11 permits less.

Whereas 124 building permits were granted for the construction of industrial buildings and warehouses with total floor space 199.1 thousand m2.  In comparison with Q2 of the previous year, 18 building permits less were issued, while 17.5% of the total floor space more. 68 permits were granted for the construction of new industrial buildings and warehouses with total floor space 81.0 thousand m2 – 9 permits and 8% of intended floor space less, as compared to the 2nd quarter of 2012.

Ref: 102.109.109.8627


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