Residential building permits down 24% y/y in July – GUS

The number of residential units for which building permits were issued fell by 24% year-on-year to 21,987 in July this year, and by 36.8% month-on-month, according to the Central Statistical Office (GUS).

Investors constructing buildings for sale or rent obtained 14,017 permits last month (down 16.9% y/y and 46% m/m), the GUS also reported.