Construction market continues growth

Construction of 85,506 apartment units was launched in January-July period of 2014, 18.9 percent more than in the first seven months of 2013, according to preliminary data published by statistics office GUS on Tuesday. Building permits for 92,237 apartments were issued over the first seven months of the year, which marks a 15.8 percent increase compared to the same period of 2013. As many as 78,769 apartments were delivered to the market between January and July 2014, 2.7 percent fewer than in the corresponding period of 2013 and 1.2 percent fewer than in 2012.