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Strong building activity evident in some categories of new housing

Building activity showed relatively strong growth in some segments of the market for new housing in the first two months of 2013. The planning phase contracted by a small margin up to February this year compared with a year ago, while the construction phase of new housing benefitted from double-digit growth in the segment for smaller-sized houses as well as the category for higher-density housing, i.e. flats and townhouses.

The market for new housing will continue to be affected by economic trends, the state of household finances, consumer confidence and property market-related factors.[…Read More Here…]

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