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New housing projects down 22.5% y/y in March

18:55

New housing projects down 22.5% y/y in March
Source: Pexels

The number of apartments whose construction began in March 2023 fell by 22.5% y/y to 18,310, but increased by 69.3% m/m, according to the Central Statistical Office (GUS). In the developer group, the number of apartments whose construction began decreased by 15.4% y/y to 11,011, while increasing by 67.1% m/m, the Office also reported.

"In the first quarter of 2023, construction of 38.6 thousand…

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