Housing construction drops in May – GUS

In May, the number of dwellings in which construction has started dropped y/y by 5.9 percent to 20,536, according to data released by the Central Statistics Office (GUS), year-to-date it grew by 9.3 percent. Moreover, the number of dwellings completed decreased by 12.3 percent y/y to 11,958, while YTD the figure has increased by 6.9 percent to 69,942.

The number of housing permits issued in May decreased by 4.1 percent to 22,003, while YTD number increased by 2.9 percent to 109,478.

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