MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: PMR Corporate
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Construction Industry Finally Sees Growth as Ukraine Ramps up Preparations for Euro 2012 Finds PMR Corporate - Between the peak recorded in 2007 and the trough of 2008-2010, the value of construction works carried out in Ukraine plunged by 70% in real terms. Residential construction was hardest hit by the crisis and, while the housing sector is yet to recover
Construction Industry Finally Sees Growth as Ukraine Ramps up Preparations for Euro 2012 Finds PMR Corporate

 

NewswireToday - /newswire/ - Cracow, Malopolskie, Poland, 2011/12/08 - Between the peak recorded in 2007 and the trough of 2008-2010, the value of construction works carried out in Ukraine plunged by 70% in real terms. Residential construction was hardest hit by the crisis and, while the housing sector is yet to recover.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction / Architecture / Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Last year, the Ukrainian construction market continued the downward trend on which it has been on since 2008. Total construction output decreased by 5.4% in real terms and the construction of buildings declined at double the speed. On the other hand, the value of works related to the preparation of construction sites rose by 10% and the construction of roads and airports increased by 23%.

In 2011, construction output in Ukraine has started to grow largely due to the intensification of preparation works for the Euro 2012 Football Championships. During the period January-October 2011, the value of construction works carried out in Ukraine increased by 11.7% in real terms, and by almost 42% in nominal terms, to UAH 45.1bn ($5.6bn). Therefore, the value of construction in the first ten months of the current year has already exceeded the total value for the whole of 2010.

Broken down by segments, the most robust growth in January-October 2011 was observed in the construction of buildings and structures, by 12.9%, followed by the preparation of construction sites, where a 12.1% increase was recorded. Works related to the installation of equipment in buildings and structures grew by just 2.3%. In finishing works, value continues to fall, by 10.8% in the first ten months of the 2011.

Of the total value of construction output between January and October 2011, 79.4% was accounted for by work on new constructions, reconstruction and modernisation, while general overhaul activities account for 14.1% with maintenance accounting for 6.5%.

The onset of the economic crisis and the accompanying liquidity squeeze resulted in a sharp drop in housing construction in 2009. Banks ceased to provide financing for developers, who, as a result, quickly ran out of cash and were forced to put their projects on hold. Individual investors also found it virtually impossible to obtain financing for their planned housing projects. Growth in personal income – and so peoples’ ability and willingness to buy property – has also stalled during since this time.

Residential construction activity picked up slightly in 2010, although banks remained extremely cautious with regard to financing property development projects. This was compounded by the government’s inability to support the mortgage loan market to the desired extent. Last year, the state accounted for just 0.5% of total investment in housing construction while bank loans accounted for 4.4%. Funding coming directly from construction companies and developers accounted for 7.7% of the total figure. Private individuals’ investment in the construction and modernisation of their own dwellings accounted for 16.6% and investment in individual housing construction accounted for 57.8%.

In 2010, the number of dwellings completed and put into use increased by 17% and total floor space put into use increased by 45.9% in comparison with 2009, however, most of this growth stemmed from the fact that many investors used the opportunity created by the government’s issue of a Temporary Order that made it possible to register residential buildings built earlier without a building permit in place.

Relatively poor figures for 2011 have proved 2010 to be a one-off surge in completion statistics – the number of housing units completed was down 3% and the total floor space completed fell by 16% in H1 2011. In the third quarter of 2011, however, housing completion picked up, thus reducing the overall Q1-Q3 year-on-year decline to 6.5%.

This press release is based on information contained in the latest PMR report entitled “Construction sector in Ukraine 2011 – Development forecasts for 2011-2014”.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction / Architecture / Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: PMR Corporate

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction / Architecture / Infra articles,
CATCH Visitors via Your Competitors Announcements!


Construction Industry Finally Sees Growth as Ukraine Ramps up Preparations for Euro 2012 Finds PMR Corporate

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: PMRCorporate.com 
+48 12 618 90 00 marketing[.]pmrcorporate.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PMR Corporate securities in any jurisdiction including any other companies listed or named in this release.

Construction / Architecture / Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From PMR Corporate / Company Profile


Read Construction / Architecture / Infra Most Recent Related Newswires:

VINCI and ParisTech Launch The Lab Recherche Environnement
Master Builders Solutions® Concrete Admixtures Enabling Premium Fairfaced Concrete and Increased Efficiency
HOCHTIEF Joint Venture to Deliver GBP 400 Million London Power Tunnels Project
VINCI Airports Hands Over The Salvador Bahia Airport Upgrade (Brazil)
Insulation Raw Material Neopor® from BASF with Significantly Greater CO2 Savings
Global Spending in Construction to Reach .5 Trillion by 2030 Finds Frost & Sullivan
New Building Constructions and Strict Energy-Use Norms Fuel Demand for Building Automation Systems in Europe Finds Frost & Sullivan
Yardi to Showcase Coworking Trends, Tech Innovations At The Buildings Show and PM Expo
HOCHTIEF Plans Sustainable Corporate Headquarters At Opernplatz
VINCI Concessions Opens the Final Section of the New M11 Motorway Between Moscow and Saint Petersburg
VINCI Construction Wins A Contract to Build A Water Treatment Plant in Phnom Penh, Cambodia
Global Modular and Prefabricated Building Market Set for Robust CAGR of 6.3% from 2018 to 2025 Finds Frost & Sullivan
VINCI Construction Wins A Contract for the Annacis Island Wastewater Treatment Plant in Greater Vancouver, Canada
VINCI Energies Acquires Two Spanish Companies - SISTEM Melesur Energía and SISTEM Infraestructuras Y Operaciones EPC
VINCI Energies Acquires OFM Group in Germany’s Telecommunications Infrastructure Sector

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  RightITnow, Inc.





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)