A total of 136 building permits were issued in Liechtenstein in the first quarter of 2017, 35 more than in the previous year’s first quarter. The number of permits granted for new buildings increased from 27 to 49, while those for building conversions rose from 56 to 87, according to the latest construction statistics published by the Office of Statistics (AS).
The statistics show that the projected construction costs increased in the same period of time by 111.7 per cent from CHF 76.8 million to CHF 162.7 million. The overwhelming majority – 71.3 per cent or CHF 116 million – was invested in residential construction projects. The projected construction costs for industry and services projects was CHF 27 million, while investments for infrastructure projects were CHF 18.3 million.
In total, CHF 133.4 million is earmarked for implementing new projects, with CHF 29.2 million to be invested in building conversions.
When breaking down the construction projects by client in the first quarter of 2017, the report shows that 12 come from the public authorities in the amount of CHF 17.7 million, a strong rise over the previous year’s four projects in the amount of CHF 4 million. Private clients were awarded permits for 124 construction projects with costs of CHF 144.9 million, a marked increase over the previous year’s 79 projects in the value of CHF 72.8 million.