More construction projects, higher construction volume and increased construction investments were reported for the second quarter of 2015 than in the same period last year. The residential sector experienced especially strong growth.
The Office of Construction and Infrastructure approved 152 construction projects in the reporting quarter - seven more than the second quarter in 2014, according to the latest construction statistics published by the Office of Statistics of the Principality of Liechtenstein. The growth was led by the residential sector, which recorded an increase of 21 projects.
According to the construction statistics, growth was also experienced in projected construction costs - which rose by CHF 19.5 million to reach CHF 94 million - as well as planned spending on new construction projects. Construction costs in the residential sector made up 97 per cent of total investments. Construction volume rose by 5 per cent in comparison to the same quarter in the previous year, although the number of public construction projects fell from 15 to six.