Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Real Estate: Number of residential building permits down...

Real Estate: Number of residential building permits down 0.5 pct over Jan – May

July 22, 2024

 The number of residential building permits issued in Romania in the first five months of the year was 0.5 percent down from the year-ago period, shows data released on Friday by the National Institute of Statistics (INS).As many as 14,050 residential building permits were released between January 1 - May 31, 2024, with lower numbers of such authorizations recorded in the following development regions: Center (-237 permits), North-West (-122) and South-East (-59).Conversely, the following development regions saw an increase in the number of permits in the reporting period as follows: West (+108), Bucharest-Ilfov (+76), South-Muntenia (+64), South-West Oltenia (+5).As many as 3,050 residential building permits were released in May 2024, by 528 (14.8 percent) fewer compared to April 2024, for a total usable floor area of 698,534 sqm (-19.2 pct). Of the total residential building permits, 68 percent were for the rural area.The distribution by development regions of the decline in the number of permits released this May is as follows: South-Muntenia (-116), North-East (-106), West and Bucharest-Ilfov (-83 each), North-West and Center (-80, each), and South-East (-4). Conversely, the Southwest Oltenia development region saw an increase by 24 permits.As many as 516 building permits were issued this May for non-residential buildings (-13.9 percent as against April 2024) for a total usable floor area of 260,154 sqm (-57.2 percent). Compared to the previous month, the usable floor area covered by the non-residential building permits issued in May was by 347,246 sqm smaller, with the decline distributed by development regions as follows: Bucharest-Ilfov (-279,645 sqm), North-East (-52,856 sqm), North-West (-39,980 sqm), South-West Oltenia (-15,868 sqm), and South-East (-3,650 sqm). Increases were registered in the West (+27,973 sqm), Center (+13,685 sqm) and South-Muntenia (+3,095 sqm) development regions.A year-on-year comparison reveals an overall decrease in both the number of residential building permits issued this May (-11.6 percent), and in the total usable floor area (-7.3 percent), with the following distribution by development regions: North-West (-106 permits), North-East (-104), West (-44), South-East (-39), Center (-37), Bucharest-Ilfov (-33), South-West Oltenia (-24), and South-Muntenia (-12).Compared to May 2023, in May 2024 there was a decrease in both the number of issued non-residential building permits (-20.1 percent), and the total usable floor area (-24.3 percent).The breakdown of the year-over-year decline in the usable floor area covered by non-residential building permits (-83,444 sqm) is as follows: South-Muntenia (-53,998 sqm), West (-38,919 sqm), Bucharest-Ilfov (-8,466 sqm), North-East (-5,359 sqm) and South-West Oltenia (-1,944 sqm). The development regions to record a rise in the non-residential usable floor area were Center (+17,829 sqm), South-East (+5,983 sqm), and North-West (+1,430 sqm).  

Read in full - click here
Romanian Cristian Măcelaru to conduct French National Orchestra during Olympic Games opening ceremony

Romanian Cristian Măcelaru, the artistic director of the "George Enescu" International Competition and Festival, will conduct the Orchestre National de France at the opening ceremony of the Olympic Games in Paris.  "I never thought in my life that I would have this opportunity. It’s a very beautiful thing because it’s an event where we all […]

Only 6.5% of mayors in Romania are women, analysis shows

Only 207 women were elected as mayors in Romania in the June 9 local elections, representing 6.51% of the total 3,179 mayors, according to an analysis by Women for a Better Society, a non-governmental organization advocating for women's rights and gender equality. Moreover, only 3,606 women became local councilors, representing 9.01% of the total 40,022 […]

Romanian Bogdan Mureșanu’s feature debut joins Venice Film Festival competition lineup

Anul Nou Care N-a Fost/The New Year That Never Came, the first fiction feature written and directed by Bogdan Mureşanu, was selected in the Orizzonti competition section of the 2024 Venice International Film Festival. The 81st edition of the event will take place between August 28 and September 7. The New Year That Never Came […]

Flanco Relocates to SkyTower Bucharest, Romania's tallest building

Flanco Retail, one of Romania’s leading retailers of electronic and household appliances, announces the move of its headquarters to SkyTower, the tallest building in the country and a notable sustainable landmark in Bucharest. Starting in July, Flanco occupies the entire 11th floor of SkyTower, spanning over 1,150 square metres. This move represents a strategic step […]

Goldring: We aim to manage assets in excess of 50 million lei by the end of 2024 for the Discretionary account, a service that this year offered a return of over 27%.

The management of Goldring, one of Romania's most active brokers in terms of trading volume on the Bucharest Stock Exchange (BSE), aims to register 200 clients for the new Discretionary account service this year and assets of more than RON 50 million. Goldring launched Discretionary account services in 2023, with the first account opened in […]

Cushman & Wakefield Echinox: Personal development or nutrition workshops and also product tastings are highly appreciated by the employees working in office buildings

Personal development and nutrition workshops, massage sessions and multisensory experiences such as cheese or ice cream tastings organized by office building landlords are highly appreciated by employees. These initiatives aim to create a work environment which encourages a gradual return to offices. The budget allocated for these actions can reach up to €10,000 per year […]