55 pct of residential buildings built in urban area in Q2 2015

During the second quarter of 2015, 10,302 dwellings went into use, 990 more compared to Q2 2014, show the latest data from the National Institute for Statistics.

By development area, the most residential buildings were completed in the urban area (54.9 percent). The distribution by financing funds of the completed dwellings shows that, compared to Q2 2014, the number of buildings completed both with private and public funds increased by 779 and by 211 dwellings, respectively.

The share of public funding increased from 0.9 percent to 2.8 percent year on year, while private investments share dropped from 99.1 percent to 97.2 percent.

The regional distribution highlights an increase in the number of completed dwellings in the following development regions: centre (+600), Bucharest‐ Ilfov (+302), South‐East (+167), South‐West Oltenia (+155), West (+95) and South‐Muntenia (+87). There was a decrease in the following development regions: North‐West (‐255) and North‐East (‐161).

In the first half of the year 19,534 residential buildings went into use, 1,952 more than in the same period of the previous year.

The urban area gathered in this case also the most completed buildings, with 54.6 percent of the total, while distribution by financing sources stood as similar levels as during Q2 2015 (97.1 percent from private funds and 2.9 percent from public funding). There were 1,513 and 439 more buildings, respectively.

The distribution by regions underlines an increase in the number of completed residential buildings in the following development regions: Bucharest‐Ilfov (+1325), Centre (+1215), South‐East (+366), South‐Muntenia (+137), West (+119) and South‐West Oltenia (+28), while decreases were registered in North-West (-990) and North-East (-248).