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Building permits up by 2.8% in first quarter of 2022

10/06/2022 15:46

During the period January – March 2022, 1,951 building permits were issued compared to 1,897 in the corresponding period of the previous year, recording an increase of 2.8%, according to data published by the Statistical Service on Friday. The total value of these permits increased by 13.8% and the total area by 3.7%. The number of housing units recorded an increase of 4.4%.

According to the official data, the number of building permits authorised by municipal authorities and district administration offices in March 2022 stood at 642.

Of these, 444 are for residential buildings, 97 for non-residential buildings, 39 for civil engineering projects, 40 of them concern division of plots, while 22 are for road construction.

The total value of these permits reached €209.7 million and the total area 176.7 thousand square metres.

These building permits provide for the construction of 962 housing units, of which 282 are single houses, 92 are buildings with two housing units. Further 533 concern residential apartment blocks, while 55 more are for residential/commercial apartment blocks.

Building permits constitute a leading indicator of future activity in the construction sector, CyStat says.