Number of housing construction permits down 38.8% y/y in May - GUS

The number of apartments with building permits or building project notices filed fell 38.8% in May from a year ago to 18,574, and 9.2% on a monthly basis, the Central Statistics Office (GUS) reported.

Investors building for sale or rent obtained 11,268 permits last month (down 46.5% y/y and down 21.4% m/m), the GUS also reported.

Source : ISB News