According to Estonian Statistics Office data, the index of construction volume for the fourth quarter of 2010 fell by 4.7 per cent compared with the same period a year ago, as reported on Tõnu Toompark’s Adaur blog.
Aside from the third quarter of 2010 when there was a small 1.1 per cent year on year increase, this has been the twelfth successive quarter in which the index has declined.
One small positive detail is the fact that the rate of decline has slowed somewhat, Tõnu says.
The full article (in Estonian) can be viewed here.
Andrew Whyte
Tallinn Property by Goodson & Red
