Aug 29, 2019

Significant Increase In Building Permits For Residential Units


The number of building permits issued for residential units issued in the first five months of the year increased by 45%. According to the Statistical Service, in the period January - May 2019, 2,820 building permits were issued compared to 2,596 in the same period last year. The total value of these licenses increased by 128.2% and the total area by 53.8%. The number of residential units increased by 45.2%. Also, the number of building permits issued by municipal authorities and provincial administrations in May 2019 was 709. The total value of these permits amounted to € 287.9 ​​million and the total area of ​​258.5 thousand square meters. These permits provide for the construction of 907 residential units. Building permits are an important indicator of future activity in the construction sector.