Ifo Institute: Between 1992 and 2007 European home building volume rose by about one third; Civil engineering construction only grew 18% in real terms; Commercial construction 16%
Jul 31st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Ifo Institute, which is based at the University of Munich, says that between 1992 and 2007 European home building volume rose by about one third to €718 billion (in 2007 prices). In this period civil engineering construction recorded real growth of only about 18 percent, and in the non-residential sector, construction activity increased by 16 percent.