SEPTEMBER 2022 11 Building permits decreased in the 2nd quarter, but maintain growth compared to 2019 In the 2nd quarter of 2022: • The number of building permits (6.2 thousand): » Decreased by 7.9% compared to the same quarter in 2021 (+1.6% in the previous quarter); and » Increased by 2.9% compared to the same period of 2019; • The number of new building permits recorded: » A reduction of 6.7% compared to the same quarter of 2021 (+5.3% in the previous quarter); and » A growth of 9.9% compared to the same quarter of 2019; • The overall renovation permits registered year-on-year decreases of: » 9.5% compared to the same period in 2021 (-8.6% in the previous quarter); and » 14.8% compared to the same quarter of 2019; • The number of estimated completed buildings (3.6 thousand): » Decreased by 4.9% compared to the same quarter of 2021 (-0.5% in the previous quarter); and » Grew by 7.0% compared to the same quarter of 2019; • Of the total number of building permits, 75.5% were for new constructions and, of these, 80.7% were for family housing; • The majority of completed buildings (82.5%) were new constructions, 77.4% of which for family housing. Permits and completed buildings (monthly year-on-year rates of change) Compared to the previous quarter: • The number of building permits decreased by 10.0% (+21.8% in the 1st quarter of 2022); • The number of completed buildings decreased by 5.8% (-3.1% in the 1st quarter of 2022). In a monthly analysis, it should be noted the decrease of 16.4% in building licensing in May, compared to the same period in 2021. Compared to May 2019, the number of licensed buildings decreased by 17.4%. In the first half of 2022, there were 3.1% fewer buildings permits than in the same period of 2021, but 6.3% more than in the first half of 2019. More information is available at: Construction: building permits and completed buildings – 2nd quarter of 2022 13 September 2022 -7.9% -4.9% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 2Q22 Building permits Completed buildings
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