Slovenia is the first in the amount of construction works.

Monday, 25 August 2014

According to Eurostat, the amount of the construction works in Slovenia has reached the highest rates compared to the rest of Europe. This year the amount of construction works has grown to 28,7% compared to the last year.
At the beginning of the crisis, the field of construction works experienced the largest collapse since the construction companies borrowed 2.44 billion Euros from banks. This June the sphere of construction works in Slovenia recorded the highest growth at the annual level in the European Union.

The European statistical office Eurostat announced that the volume of construction works on the territory of the European Union in June compared to May fell 0.3 %. As to the annual level, the decline was 0.5 %. In Slovenia the monthly level dropped from 0.3 %, but as to the annual level, it was recorded a 28.7 % growth.
Of all the European countries, the largest monthly drop in the sphere of construction, was recorded in Hungary (7.5 %), followed by Spain (2.9% of the drop), Romania recorded a 2.6 % less construction work, Slovakia - 2.3%. The highest monthly growth was recorded in Poland (2.7 %), Germany (1.2 %), in the Czech Republic and the UK it was recorded 1.1% of growth in construction works.

Review of data of construction work on an annual level reveals different numbers. The smallest amount of construction works was held in Romania and by 13.1% than a year earlier. In Portugal it was for 10.3% less investment in construction than last year, Slovakia 5%, in the Netherlands the rate of construction work at the annual level dropped from 3.5 %. It is important to note that, the highest annual growth of 28.7 % was recorded in Slovenia, followed by Hungary, where the construction work on an annual level rose by 9.8%, in Poland for 8% and in Spain for 6.8 %.

Such growth of construction works indicates the annual growth of investments in construction of real estate objects. It is of no surprise, since the purchase prices of such objects in the last couple of years have dropped and, allied with reasonable costs of construction works and relatively high prises of retail, makes such projects a lucrative investment opportunity.


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