Residential construction permits up 3.6 pct during first 11 months of 2015

Newsroom 06/01/2016 | 12:55

Residential permits presented an upward trend during the first 11 months of 2015, rising 3.6 percent over the same period of the previous year, while November showed a 9.1 percent increase y-o-y, according to data released by the National Institute for Statistics (INS).

In the reported period 3,6240 construction permits were released for residential buildings, with rises reported in the following development regions: South-East (+598 permits), North-East (+452), North-West (+274), South-Muntenia (+256), West (+37) and South-West Oltenia (+15). Decreases in the number of construction permits released for residential buildings were recorded in the Centre (-211 permits) and Bucharest-Ilfov (-171) development regions.

As compared to the same month of the previous year, rises were reported in the following development regions: South-East (+32 permits), North-East (+23) and Centre (+7). Decreases in the number of construction permits were recorded in the West (-48 permits), South-Muntenia (-27), North-West (-7) and South-West Oltenia (-2) development regions.

In November 2,963 construction permits were released for residential buildings, of which 55.3% were for the rural area. This was a 1.5 percent drop against November 2014.

The regional distribution shows a decrease in the number of construction permits released for residential buildings in almost all development regions, with the most significant drops reported in the following regions: North-West (-90 permits), South-Muntenia (-72), South-East (-65) and North-East (-61). An increase in the number of construction permits was recorded in the Bucharest-Ilfov development region (+58 permits).

Natalia Martian

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