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					        On construction and building permits granted in 2010
        15.02.2011



      In 2010 construction volume (at current prices) comprised LVL 757.5
million, of which in the 4th quarter – LVL 228.9 million, according to the data
of Central Statistical Bureau




Data source: Central Statistical Bureau




Data source: Central Statistical Bureau
      Compared to 2009, construction volume at constant prices in 2010 has
reduced by 23.6%. Of which construction of buildings has decreased by 24.9%
and volume of civil engineering structures constructed – by 22.3%.

      Compared to the 3rd quarter of 2010, construction volume in the 4th
quarter of 2010 decreased by 5.5%, according to seasonally adjusted data at
constant prices. Of which the construction of buildings diminished by 6.6% and
volume of civil engineering structures constructed have grown by 1.5%.

      Compared to the 4th quarter of 2009, construction volume in the 4th
quarter of 2010 has decreased by 9.6%, according to working day adjusted data
at constant prices. Of which construction of buildings reduced by 6.1% and
volume of civil engineering structures constructed – by 11.9%

      If compared to the corresponding period a year before, the most notable
reduction of construction and repairs was observed in construction of office
buildings and in construction of bridges – by 63.4% and 47.6%, respectively.
But growth of construction volume, in turn, was recorded in construction of
wholesale and retail trade buildings and in construction of industrial buildings
and warehouses – by 123.6% and 56.4%, respectively.

      In 2010 construction management authorities granted 1725 building
permits for the construction, capital repairs, reconstruction and restoration of
single dwelling buildings with total floor space 378.6 thousand m2 (in 2009 –
2110 and 427.7 thousand m2, respectively). 295 building permits were granted
for the construction of production buildings and warehouses with total floor
space 536.5 thousand m2 (in 2009 - 198 permits and 299.0 thousand m2,
respectively).

       In the 4th quarter of 2010 326 building permits were granted for the
construction of single dwelling buildings with total floor space 75.9 thousand m2
(in 4th quarter of 2009 – 405 and 83.1 thousand m2, respectively). 105 building
permits were granted for the construction of production buildings and
warehouses with total floor space 153.1 thousand m2 (in 4ht quarter of 2009 - 56
permits and 77.0 thousand m2, respectively).

      In 2010 1095 building permits were granted for the construction of new
single dwelling buildings with total floor space 244.2 thousand m2 (in 4th
quarter of 2010 – 197 and 47.7 thousand m2, respectively) and 179 permits were
issued for the construction of new industrial buildings and warehouses with total
floor space 332.5 thousand m2 (in 4th quarter of 2010 – 69 and 100.7 thousand
m2, respectively).



Prepared by the Central Statistical Bureau




        On construction cost changes in 2010
        28.01.2011




      Compared to average level of 2009, construction costs in 2010 in Latvia
decreased on average by 2.7%, according to the data of Central Statistical
Bureau. The most notable reduction among main resource groups was observed
for the maintenance and operational costs of machinery and equipment (of
5.7%). The prices of building materials went down by 2.3%. In its turn, labour
remuneration of workers increased by 1.0%.




Data source: Central Statistical Bureau

      Compared to November, construction costs in December 2010 grew on
average by 1.2%. The maintenance and operational costs of machinery and
equipment rose by 4.2%, but prices of building materials increased by 0.4%.
Labour remuneration of workers diminished by 1.0%.
      Growth of costs in the construction of underground main pipelines and the
construction of transport facilities had the greatest impact on the overall level of
construction costs.

      Compared to December 2009, the overall level of construction costs in
December 2010 increased by 2.6%. Labour remuneration of workers increased
by 8.0%, maintenance and operational costs of machinery and equipment grew
by 1.4% and prices of building materials rose by 1.1%.

       During the year cost growth in the construction of transport facilities, of
industrial, agricultural and trade buildings had the greatest impact on overall
level of construction costs.

      Compared to the 3rd quarter of 2010, construction costs in the 4th
quarter of 2010 rose on average by 0.1%. Maintenance and operational costs of
machinery and equipment increased by 2.0%. Labour remuneration of workers
decreased by 1.9%, but prices of building materials decreased by 0.1%.

      Compared to the 4th quarter of 2009, construction costs in the 4th
quarter of 2010 grew on average by 1.5%. Labour remuneration of workers
increased by 7.8%, but prices of building materials rose by 0.8%. Maintenance
and operational costs of machinery and equipment decreased by 2.1%.

       The prices data on construction resources are obtained from 140
construction enterprises and 35 trade enterprises. Construction enterprises
provide price data for all resources while trade enterprises indicate only the
prices of building materials. The construction enterprises-respondents are
selected by way of target sampling choosing the enterprises with the highest
value of own account construction. The sampled construction enterprises differ
in specialisation and represent various regions of Latvia. The criterion for the
sample of trade enterprises is their turnover and specialisation.



Prepared by the Central Statistical Bureau

				
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