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Housing construction - 1. quarter of 2005

The growth of housing construction continues

Publication Date: 23. 05. 2005

Product Code: r-8203-05

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In the 1st quarter of 2005, the expanding volume of housing construction continued and was fuelled especially by:
 
-          the continued development of interest rates on mortgages (decrease in interest rates regarding mortages);
-          the increasing volume of credits granted from savings in building societies;
-          the expansion of new developer projects of housing complexes.
 
Started dwellings
In the 1st quarter of 2005, the construction of  8 645 dwellings (i.e., 6.1% or 500 dwellings up y-o-y) was started. The highest growth of started dwellings was in multi-dwelling buildings (814 dwellings up) and in non-residential buildings (93 dwellings up). A decrease was seen primarily in converted non-residential rooms (429 dwellings down) and in community care homes and boarding houses (68 dwellings down).
With regard to regional distribution, the continuing trend of dwelling-construction can be seen in the vicinity of large cities, particularly around Prague and in the Středočeský Region.  In these regions, the construction of 3 497 dwellings was started in the 1st quarter of 2005. The lowest number of dwellings has been started to be built in the Liberecký and Karlovarský Regions and the region of Vysočina.
 
 
Started dwellings by region in 2005
 
 
Total
Family  houses
Multi-dwelling building
All types of extensions
Family  houses
Multi-dwelling building
Czech Republic
8 645
3 393
3 071
782
391
Hl. m. Praha
1 647
237
1278
16
110
Středočeský
1 850
904
353
178
30
Jihočeský
520
326
65
66
23
Plzeňský
423
150
148
56
19
Karlovarský
227
76
14
18
17
Ústecký
384
147
141
41
17
Liberecký
198
100
50
34
5
Královéhradecký
429
240
103
30
22
Pardubický
388
161
143
41
7
Vysočina
297
152
82
23
4
Jihomoravský
1 077
364
478
111
57
Olomoucký
430
145
150
54
39
Zlínský
361
159
26
39
14
Moravskoslezský
414
232
40
75
27

 
 
 
Completed dwellings
In the 1st quarter of 2005, 6 452  dwellings were completed (5.8 % or 353 dwellings up y-o-y). The largest growth  was in non-residential buildings – an increase by 113.3% (145 dwellings up) and  in converted non-residential rooms 54.8 % (92 dwellings up). A decrease was seen primarily in community care homes and in boarding houses – decline by 9.3% (29 dwellings down) and in all types of extensions where the decrease was 5,6% (54 dwellings down).
With respect regional distribution, the highest number of completed dwellings was in Prague and in the Středočeský Region, the smallest number of completed dwellings was in Karlovarský, Ústecký, and Olomoucký Regions.
 
Graph Completed dwellings in the 1st quarter of 2005 by regions
 

Dwellings under construction
The total number of dwellings under construction equals 148 885. This number represents an increase of 5.5 % (7 780 dwellings up) y-o-y. The largest proportion of dwellings under construction was seen in family houses (47.6%) whereas the lowest number of these dwellings was recorded in community care homes and boarding houses (1.7%).
 With regard to regional distribution, the largest portion of these dwellings was in the Středočeský Region (18.2%) and the lowest portion was in the Liberecký Region (3.7%) and the Karlovarský Region (2.8%). The number of dwellings under construction has been continually (i.e., long term) increasing due to fact that the number of started dwellings is higher than the number of completed dwellings. This number also includes dwellings where  construction has been temporarily halted.
In the 1st quarter of  2005, the modernization  of  5 458 dwellings was completed, which is an increase of 49.5% y-o-y. The largest number of modernized dwellings was completed in the City of Prague and in the Jihomoravský Region.
 
 
 
Note
Contact: Petra Cuřínová, phone (+420) 274 054 199, e-mail curinova@gw.czso.cz
Data source: direct survey of the CZSO in planning offices
End of data collection: 13 May 2004
End of data processing: 19 May 2004
The publicised data are final.
Related publications:       /1-ep-8
                                    8205 –04 Housing Construction  2004
Not edited for language.
 



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