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Keep up to dateEconomy and construction | ||
Ìý | 2006 | 2007 |
German economy | Ìý | Ìý |
GDP growth | 2.60% | 1.70% |
Consumer price Inflation | 1.60% | 2.30% |
Producer prices | 1.60% | 2.10% |
Average earnings of wage earners | 1.50% | na |
Average earnings of salaried employees | 1.20% | na |
Unemployment (Jan) | 10.80% | 9.50% |
Retail sales | 0.10% | n.a |
Private consumer spending | 0.60% | 0.00% |
Governmental consumer spending | 1.70% | 1.10% |
Imports | 12.10% | 8.40% |
Industrial production | na | 5.50% |
Construction industry | Ìý | Ìý |
Turnover | 6.50% | 3.50% |
Employment | 0.00% | 0.70% |
Sales of cement | 1.00% | 2.50% |
Residential construction | 1.20% | 0.10% |
Non-residential construction | 0.90% | 2.00% |
Civil engineering | 1.50% | 2.20% |
Tender prices | 9.8 | na |
Labour rates | 0.30% | na |
Materials costs | 7.00% | na |
Construction costs £/m² | ||
ºÚ¶´ÉçÇø type | Min | Max |
Apartments: private luxury | 1,310 | 1,930 |
Apartments: private high quality | 780 | 1,150 |
Private housing: high-quality detached | 810 | 1,170 |
Private housing: estate housing | 610 | 900 |
Swimming / Leisure pools | 1,010 | 1,800 |
Leisure centres (dry sports) | 670 | 1,070 |
Shopping centre | 980 | 1,500 |
Supermarkets shell | 470 | 660 |
A/C medium-rise offices | 920 | 1,320 |
A/C high-rise offices | 940 | 1,400 |
A/C business park | 780 | 1,250 |
Purpose-built industrial units | 440 | 810 |
Industrial sheds | 290 | 490 |
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. |
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