Housing permits drop in December – GUS

In December, the number of dwellings on which construction has started decreased by 9 percent y/y to 11,091, according to data released by the Central Statistics Office (GUS), in m/m terms it dropped by 34 percent. Moreover, the number of dwellings completed increased by 12.8 percent y/y to 20,938.

The number of housing permits issued last month inched up by 0.5 percent y/y to  19,325.

Overall last year, the number of housing permits grew by 2.7 percent to 257,072, while the number of completed apartments increased by 3.6 percent to 184.783.

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