Residential sector on the rise – GUS

At end-October, the number of dwellings on which construction has started increased by 9.5 percent y/y to 194k, according to data released by the Central Statistics Office (GUS). Out of that number, 112.6k houses are being built by developers and 77k by individual investors.

Moreover, the number of dwellings completed increased by 3.1 percent y/y to 146k.

The number of housing permits issued in the first 10 months of the year went up by 2.2 percent y/y to 218k.

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