Apartment construction soars in H1 – GUS

In June, developers launched construction on 22,364 apartments, a 27.3 percent increase year-on-year and 2.5 percent increase month-on-month, statistics office GUS said. In the same month, 14,373 apartments were delivered (a 22.8 percent y/y and 13 percent m/m increase) and permits for 24,028 apartments were issued (a 15.2 percent y/y and a 3.5 percent m/m increase).

Overall, in H1, construction on some 106,036 apartments have been launched (22.9 percent y/y growth), 78,276 apartments were delivered (up by 6.1 percent), and 130,687 permits were issued (33.2 percent increase).

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