Central Statistics Agency: The number of apartment construction permits has increased
The number of apartments for which building permits have been issued or whose building designs have been registered has increased this year. by 1.5 percent y/y to 24,346 in October 2024, and on a monthly basis increased by 5.9%, the Central Statistics Office reported.
Investors constructing buildings for sale or rent obtained 16,352 permits last month (down 3.5% y/y and up 1.4% m/m), the Central Statistics Office also reported.
“During the ten months of 2024, permits or notifications for the construction of 243.8 thousand apartments have been issued, an increase of 23% compared to last year. The most apartment construction permits were granted to developers (170.7 thousand, an increase of 29.5% y/y) and individual investors (67.7 thousand, an increase of 11.6%). construction reached 97.8% of all apartments. “In other forms of construction, there are 5.3 thousand apartments for which building permits have been issued or applications have been submitted with construction designs (last year 5.8 thousand),” said the release.