According to recent statistics, the level of domestic production of building materials in the Czech Republic in May 2011 decreased by 4.9% over the same last year period, thereby reducing the rate of decline after the April 6%. Number of handed flats in May dropped by 18.8%, but during the same month were begun to build by 6.4% more flats. “Building in the region is still in the doldrums due to lack of personal and social investments”, – says the analyst of the bank ČSOB Peter Dufek. In his view, the situation could improve only in the construction of apartment buildings, but in general the forecast is very pessimistic.

Dufek evaluates proposals for reducing the market of new 5% per year, “And this is the third year of falling rates,” – adds the analyst. According to economists of Next Finance, as the cause of the fear of potential buyers regarding the possible occurrence of debts to banks, which therefore reduces the demand for hypo. “The gradual increase is projected until 2013. We hope that at 2012 at least stop the decline. It depends on the formation of the budget and government action to stabilize in this area. In the meantime, today’s version of the economy and keeping to the funds does not lead to an improvement in construction “, – says about studies President of the Union of Entrepreneurs in the construction of the Czech Republic Vaclav Matyas.

On the contrary, the local industry in May showed significant growth – 15.2% (growth in April was 4.7% compared to the same last year period). This rate has exceeded the most optimistic expectations, especially in the automotive industry. Although demand indicators remain at low levels and macroeconomic inhibits the growth. For example, the German industry, the most powerful customer of Czech products, has a slowdown now, and as a result, may adversely affect to the Czech economic performance. Given the above, economists expect an average annual increase of 8.5%.

/According to the web www.stavebni-forum.cz/