Number of housing permits in Romania gain 13.6 pct in October

Newsroom 28/11/2016 | 12:25

The number of construction permits for residential buildings in Romania grew by 13.6 percent to 3,415 in October, compared to the same month of last year, according to the National Statistics Institute (INS).

The demand for such permits was higher in the Bucharest-Ilfov area and in Transylvania.

In the first 10 months of 2016, the combined number of housing permits fell by 0.3 percent compared to the same period of last year to 33,462.

“The distribution on regional profile, in October 2016 compared to the same month of the previous year, shows an increase of the number of construction permits for residential buildings in the next regions of development: Bucharest-Ilfov (+264 authorizations), North-west (+119), North-east (+30), West (+16) and Center (+15),” said the INS in a statement.

Romania registered in 2015 the first growth of the construction permits for homes since 2008, when the real estate market peaked.

Ovidiu Posirca

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