1. BAU 2011 Europe’s building industry after the crisis – What now? Erich Gluch ifo Institute for Economic Research, Munich BAU Information Talks on 28 October 2010, Munich (ICM)

2. Building volumes in Europe 1991 to 2012 Source: Euroconstruct. € bn Average growth 1991 - 2007: 1.36% p.a. 2007 - 2010: -15.2% 2010 almost back to the same level as 1998 in 2009 prices

3. Residential construction volumes in western Europe 1991 to 2012 € bn Average growth 1991 - 2007: 1.90% p.a. 2007 - 2010: -22.2% 2010 below the level of 1994 in 2009 prices Source: Euroconstruct.

4. Residential construction volumes in Europe acc. country 2008 to 2012 Ireland Spain Portugal Denmark Italy Great Britain France Finland Hungary Czech Rep. Netherlands Belgium Austria Sweden Norway Germany Switzerland Poland Slovak Republic Country Change in % -56.5 -50.6 -22.9 -18.1 -16.8 -12.8 -12.5 -11.6 -9.6 -7.9 -7.4 -3.6 -5.4 -2.6 -7.3 2.3 2.2 27.8 1.3 2010 / 2007 -5.8 -4.8 -2.3 10.4 6.4 3.4 1.7 2.5 12.6 5.3 1.3 3.9 0.8 11.5 6.4 1.8 2.4 30.7 15.9 2012 / 2010 -59.0 -53.0 -24.7 -9.6 -11.4 -9.8 -11.1 -9.4 1.8 -3.1 -6.2 0.2 -4.6 8.6 -1.3 4.2 4.7 67.1 17.3 2012 / 2007 dramatic slump strong decline slight downturn (moderate) rise Change in % Source: Euroconstruct.

5. Home completions in Spain and Germany 1991 to 2012 1 000 homes Spain Germany Source: Euroconstruct.

6. Building activity in Poland 1991 to 2012 acc. segment € bn in 2009 prices Civil engineering Residential construction Non-residential construction Source: Euroconstruct.

7. Building volumes in Europe 2009 acc. country 10 other western European countries Germany France Italy Spain Great Britain 4 eastern European countries 6% 15% 19% 14% 11% 10% 25% € 1.316 bn in 2009 prices Source: Euroconstruct.

8. Residential construction acc. country 2008 and 2012 Mrd. € 2012 2008 in 2009 prices

9. Non-residential construction acc. country 2008 and 2012 € bn 2012 2008 Source: Euroconstruct. in 2009 prices

10. Investment in construction in Germany 2000 to 2012 Source: Federal Statistical Office, ifo Institut. Residential construction Non-residential construction Change over previous year in % Building construction

11. New-build and R&M in European construction 1992 to 2012 Source: Euroconstruct. Change over previous year in % Non-residential construction, R&M Non-residential construction, new-build Residential construction, R&M Residential construction, new-build

12. New-build and R&M in European construction 1992 and 2012 Source: Euroconstruct. Change over previous year in % Residential construction, R&M Residential construction, new-build Non-residential construction, R&M 28% 19% 20% 28% Non-residential construction, new-build 36% 21% 23% 25% 20121992

13. Many thanks for your attention Remember: BAU 2011 … … starts in Munich … in just 80 days !