Housing construction - 1. quarter of 2008

In Q1 2008, construction of 9 570 dwellings was started, i.e. up by 4.4% in comparison to Q1 2007. A total of 9 158 dwellings were completed, i.e. by 9.8% up on Q1 2007. There were 171 383 dwellings under construction, i.e. up by 1.0% year-on-year.In Q1 2008 the numbers of dwellings started, completed and under construction grew. ^*)


Dwellings started

In Q1 2008, 9 570 dwellings were started, which was by 4.4% more (+405 dwellings) year-on-year. Increases were recorded for dwellings in multi-dwelling buildings (by 18.4%, i.e. +525 dwellings) and dwellings in family houses (by 3.5%, i.e. +158 dwellings). Decreases were observed in all of the other categories.

Dwellings completed

In Q1 2008, 9 158 dwellings were completed, i.e. a year-on-year growth of 9.8% (+821 dwellings). The highest increases were registered for dwellings completed in family houses (by 22.1%, i.e. +813 dwellings), dwellings completed as extensions to multi-dwelling buildings (by 51.0%, i.e. +157 dwellings) and dwellings in converted non-residential spaces (by 37.4%, i.e. +71 dwellings). Decreases were recorded for dwellings in multi-dwelling buildings (by 3.0%, i.e. -102 dwellings) and dwellings in community care service homes and boarding houses (by 57.4%, i.e. -93 dwellings).

Dwellings under construction

The total of 171 383 dwellings under construction as at 31 March 2008 was by 1.0% (+1730) dwellings) higher year-on-year. The highest share in dwellings under construction was recorded for family houses (50.2%), the lowest for dwellings in converted non-residential spaces (1.3%).
Dwellings under construction are on the increase in the long term because numbers of dwellings started increase more rapidly than numbers of dwellings completed; dwellings whose construction has been suspended are also included.

Dwelling modernisations (upon building permit)

In Q1 2008, modernisation of 5 165 dwellings was completed, which was by 2.8% less year-on-year.

Analysis - Analysis of housing construction in 2007

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Note
Contact: Vladimír Zikmund, phone (+420) 274 054 252, e-mail: vladimir.zikmund@csu.gov.cz
Data source: CZSO direct survey in planning and building control authorities
End of data collection: 30 April 2008
End of data processing: 9 May 2008
The data published are final (dwellings started) and preliminary (dwellings completed and under construction).
Related publications: /1-ep-8
8205-08 Housing Construction, Q1 2008

*) According to information by the Ministry for Regional Development there was a decrease in the mortgage market in Q1 2008. In total 14.6 thousand mortgage loans were signed amounting to CZK 25.7 billion, which was down by 15.6% and 8.7% respectively.