Fewer building permits in Jan-May, value up
Building permits issued in JanuaryMay this year dropped 3% to 2,034, compared to the same period last year, the Statistical Service Cystat said, constituting a leading indicator of future activity in the construction sector.
On the other hand, the total value of these permits increased by 21.0% and the total area by 17.9% Cystat said, adding that the number of dwelling units increased by 21.8%.
The Statistical Service announced that the number of building permits authorised by the municipal authorities and the district administration offices in May stood at 434.
The total value of these permits reached EUR 123.4 mln and the total area 90,800 sq.m. These building permits provide for the construction of 276 dwelling units.