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Housing completions in Europe remain at a high level - further results of the Euroconstruct winter conference 2005

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  • Volker Rußig
  • Bettina Becker

Abstract

According to the experts of the Euroconstruct group, housing completions in newly constructed dwellings grew by three percent to nearly 2.35 million units in the 19 European countries of the group. The volume of residential construction in Europe continues to be dampened by weak new building activity that is only barely offset by the expanding renovation of the existing stock. For the current year the experts again expect a slight increase in housing completions but then the number of completions will decline somewhat until 2008. The reason is the continuing decline in single-family home construction in many European countries. The expansion of housing construction in multi-storied buildings will be too small to compensate, in terms of value, for the negative development in single-family houses.

Suggested Citation

  • Volker Rußig & Bettina Becker, 2006. "Housing completions in Europe remain at a high level - further results of the Euroconstruct winter conference 2005," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(05), pages 25-34, March.
    • Handle: RePEc:ces:ifosdt:v:59:y:2006:i:05:p:25-34
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    References listed on IDEAS

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    1. Volker Rußig & André Scharmanski, 2004. "Housing prices in Europe: continuing upward trend with marked regional differences," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(11), pages 30-36, June.
    2. Volker Rußig, 2006. "Increasing renovation activity puts Europe's construction industry on moderate growth courseSelected results of the Euroconstruct Winter Conference 2005," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(03), pages 32-40, February.
    3. Boris Cournède, 2005. "House Prices and Inflation in the Euro Area," OECD Economics Department Working Papers 450, OECD Publishing.
    4. Volker Rußig, 2005. "Stable upswing in European apartment house construction - further results of the 2005 Euroconstruct summer conference," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(15), pages 36-42, August.
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    1. Volker Rußig, 2007. "Home building in Europe at a record levelSelected results of the Euroconstruct winter conference 2006," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(03), pages 32-40, February.
    2. Volker Rußig, 2007. "New housing completions in Europe: Coming down slowly from the summit," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(14), pages 21-29, July.

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    More about this item

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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