Residential construction in January-December 2019

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In 2019 there were more dwellings completed than the year before. The number of dwellings in which construction has begun and the number of dwellings for which permits have been granted or which have been registered with a construction project also increased.

According to the preliminary data, 207.2 thous. dwellings were completed in the period of January-December 2019, i.e. by 12.0% more than a year ago. Developersb completed 130.9 thous. dwellings (16.6% more than in the corresponding period of 2018), whereas private investorsb completed 69.6 thous. dwellings, i.e. by 5.1% more than in 2018. Within these forms of construction, 96.8% of a total number of completed dwellings was built. Less dwellings than a year ago were completed within cooperative construction (2115 compared to 3024 dwellings); in other forms of construction (municipal, public building society and company construction) 4575 dwellings were completed in total, i.e. by 30.6% more than a year ago.

Total useful floor area of dwellings completed in the period of I-XII of 2019 amounted to 18.4 m. sq m, i.e. by 10.1% more than in the corresponding period of the previous year. Compared to the period of January-December 2018 the average useful floor area of 1 dwelling decreased by 1.5 sq m to the level of 88.8 sq m.

b Every time developers are mentioned in the news release, it means construction intended for sale or rent, that is realised by various investors with the purpose of making a profit, whereas if private investors are mentioned, it means private construction, that is realised for the use of the investor.

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