Content
Published:
This is an archived release.
Less new building projects
The inflow of new buildings decreased in the third quarter of 2006 from a record high level in the first half of 2006. Still, the value of company reserves of building projects increased by 3 per cent in the third quarter, and is now 24 per cent higher than at the end of the third quarter last year.
The value of company reserves of new residential buildings remained stable of the third quarter, while the reserves of renovation of residential buildings decreased by 6 per cent. The reserves of non-residential building projects, which include new buildings and renovation, increased by 6 per cent in the same period.
The contractor reserves of civil engineering works increased by 3 per cent during the third quarter of 2006, and are now 19 per cent higher than at the same time the year before. The total value of construction orders is 22 per cent higher than at the end of the third quarter of 2005.
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