Number of housing starts down 37% y/y in July – GUS

The number of housing constructions started in July fell by 37% year-on-year to 16,277 units and by 32.2% month-on-month, the Central Statistics Office (GUS) said.

Among property developers, the number of housing starts fell by 44.1% year-on-year to 8,359 units, and a 46.6% drop was recorded on a monthly basis, the GUS also reported.

Source: ISB News