ºÚ¶´ÉçÇø

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Economy and construction
Ìý20062007
German economyÌýÌý
GDP growth2.60%1.70%
Consumer price Inflation1.60%2.30%
Producer prices1.60%2.10%
Average earnings of wage earners1.50%na
Average earnings of salaried employees1.20%na
Unemployment (Jan)10.80%9.50%
Retail sales0.10%n.a
Private consumer spending0.60%0.00%
Governmental consumer spending1.70%1.10%
Imports12.10%8.40%
Industrial productionna5.50%
Construction industryÌýÌý
Turnover6.50%3.50%
Employment0.00%0.70%
Sales of cement1.00%2.50%
Residential construction1.20%0.10%
Non-residential construction0.90%2.00%
Civil engineering1.50%2.20%
Tender prices9.8na
Labour rates0.30%na
Materials costs7.00%na
Construction costs £/m²
ºÚ¶´ÉçÇø typeMinMax
Apartments: private luxury1,3101,930
Apartments: private high quality7801,150
Private housing: high-quality detached8101,170
Private housing: estate housing610900
Swimming / Leisure pools1,0101,800
Leisure centres (dry sports)6701,070
Shopping centre9801,500
Supermarkets shell470660
A/C medium-rise offices9201,320
A/C high-rise offices9401,400
A/C business park7801,250
Purpose-built industrial units440810
Industrial sheds290490
Notes: The costs above are based on the Study of International ºÚ¶´ÉçÇø Costs which EC Harris carried out during January/February 2007. The figures represent typical guideline ranges of “built” costs that a client could expect to pay and are based on cost per m2 data provided by EC Harris sources “on the ground” in each country. Costs generally are given in £/m2 of gross floor area, measured to the external face of the external walls. Note that the figures exclude land costs, professional and legal fees, etc, and VAT, which should be added to the costs in this study. VAT in Germany is currently 19% on construction projects.