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Published:
This is an archived release.
High inflow of new commercial buildings
While the inflow of new residential building projects is levelling out, contractors experienced a sharp increase in other building projects in the fourth quarter of 2006. The value of total reserves of building projects increased by 5 per cent in the fourth quarter, and is now 26 per cent higher than at the end of 2005.
The value of company reserves of new residential buildings and renovation of residential buildings remained stable in the fourth quarter of 2006. Reserves of non-residential building projects, which include new buildings and renovation, increased by 8 per cent in the same period.
Contractor reserves of civil engineering works remained stable in the fourth quarter of 2006 and were 20 per cent higher than in the corresponding period of 2005. The total value of construction orders was 24 per cent higher than at the end of 2005.
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