Housing permits soar in May

In May, the number of housing permits has increased y/y by 43.6 percent to 23,401, according to data released by the Central Statistics Office (GUS), moreover, the number of dwellings completed grew by 16.7 percent y/y to 12,725. The number of dwellings in which construction has begun also increased to 21,826 (56.2 percent growth). In the first five months of the year, the number of permits grew by 48.3 percent y/y to 106,841.