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To 2006 a renewed decline in housing completions in Europe

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  • Volker Rußig

Abstract

At the end of November 2003 the 56th Euroconstruct conference took place in Funchal/Madeira. Experts from 19 European countries that co-operate in this group expect that for the Euroconstruct area new housing completions in newly constructed residential buildings in 2004 will amount to a net increase of 40,000 units over the ca. 2.13 millions units completed in 2003. By 2006 a slight decline is expected, however, to 2.10 million units. Both single houses as well as buildings of flats will be affected. Differences also exist between individual countries and/or country groups: In Central and Eastern Europe housing completions have been increasing steeply for many years, but a sharp decline is forecast for 2005 starting in Poland; the recession in Western European housing construction will continue.

Suggested Citation

  • Volker Rußig, 2004. "To 2006 a renewed decline in housing completions in Europe," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(05), pages 35-41, March.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:05:p:35-41
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    References listed on IDEAS

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    1. Volker Rußig, 2003. "Construction industry in Europe: Increasing production only in the medium term," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(17), pages 15-21, September.
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      JEL classification:

      • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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