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Housing construction market weakens

Fewer houses were completed in the first quarter of the year Keystone

The boom in the housing construction market has weakened over the past year, according to the latest data from the Federal Statistics Office.

Compared to the first quarter of 2000, construction fell three per cent in the first three months of the current year to 7,100 completed units. However, the number of units under construction increased by one per cent to 35,300.

And practically all communities saw an increase in units under construction, especially those with populations between 5,000 and 10,000.

The number of housing permits fell by 800 in the first quarter to 9,100.

swissinfo with agencies

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