18. february 2015

Construction volumes increased by 8.1 %

Construction volumes in 2014 compared to 2013 have increased by 8.1 %, reaching 1.8 billion euros, according to the Central Bureau of Statistics.

The volume of building construction in 2014, compared with the previous year, has been increased by 33.7 %. The highest growth was registered in the construction of hotels - by 98.5 %. This can be explained by the fact that several hotels were built and reconstructed in Riga.

Construction and renovation of schools has also increased by 87.8 %, while the construction of residential buildings - by 31.1 %.

Commercial real estate