Double digit growth continues for construction

Double digit growth continues for construction

Published at: 2018-11-07 10:19 | Author: CIJEurope.com
Construction output grew 10.6 percent over the first nine months of the year in the Czech Republic, with the biggest growth coming from transportation infrastructure work. But it's unclear how long this pace can be maintained as the Czech Statistics Office (CSU) reported that just 6,728 construction permits were issued in September, a fall of 9.4 percent compared to September 2017. The estimated value of the projects those permits were issued for was CZK 31.8bn. Construction work on a total of 2,611 flats began during September, while 2,357 were completed. "Construction output rose in September at a double digit pace for the third month in a row," said Petra Cuřínová, who is head of the construction stats section of CSU. Market observers believe that despite continued demand for new apartments, growth will slow in 2019 because of a lack of workers to do the work.

Similar Stories:

New price tag for Prague's D line metro: CZK 72bn
The city of Prague's leadership estimates that construction of the new metro D line f  »
Prague forcing Metroprojekt to make new metro stations less ugly
Prague's new administration appears determined to convince residents of the Czech cap  »
Seriously? Czech police charge architect over collapse of 33-year old footbridge
Czech police are believed to have charged the architect of a bridge built across the Vltav  »
Work on new Prague metro line to get underway by summer
The beginning of construction of Prague's fourth metro line, the D line, could begin  »
The Polish real estate investment sector got a Christmas present from the Ministry of Fina   »
It was quite clear to Ben and me when we were talking about Savills about what we wanted t   »
As recently as 8 years after the beginning of the financial crisis, the only local investo   »
How much do you have outstanding at the moment in terms of real estate lending, and are yo   »