Division 4) Variable 260104: Gross investment in construction and improvement of buildings

Gross investment in construction and improvement of buildings includes all:

• additions to construction of new buildings for own use (self-constructed),

• acquisitions of new buildings (usually the result of a construction contract, the beneficiary of which is the reporting statistical unit),

• capitalized additions, alterations, improvements and renovations to existing buildings (if additional economic benefits associated with them are likely to flow to the statistical unit), recognized as such by the statistical unit during the reference period.

Gross investment in construction and improvement of buildings is a part of variable Gross investment in tangible non-current assets.