Housing construction numbers down in July

Developers and other investors completed 12,195 housing units in July 2016, 5.4 percent less than in July 2015, according to statistics published by the Central Statistical Office (GUS). Year-to-date completions amounted to 85,848 units, 11.7 percent growth y/y. Building permits were issued for18,339 apartments, which is 5.4 percent more than in July 2015. In the year-to-date, permits of 116,475 were up 12.2 percent y/y.