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Volume of permits for residential buildings plunges by 26% y/y in Romania

April 1, 2024

The Romanian authorities issued construction permits for 8.36 million square meters of residential buildings in the 12 months ending February, 26% less compared to the previous 12-month period and 24% less compared to 2019, the statistics office INS announced. 

The figures don’t bode well for the residential construction segment, which already came nearly to a standstill in 2023, driven by high interest rates and general economic uncertainty. The volume of construction works on...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/residential-permits-volume-romania-feb-2024
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