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Building permits decreases in the 2ndquarter, but maintains growth compared to 2019
Construction: building permits and completed buildings
Building permits decreases in the 2ndquarter, but maintains growth compared to 2019 - 2nd Quarter 2022
13 September 2022

Summary

In the 2nd quarter of 2022, the number of licensed buildings was 6.2 thousand, i.e., 7.9% less than in the same quarter of the previous year (+1.6% in the 1st quarter of 2022) and 2.9% more compared to the 2nd quarter of 2019. Building permits for new constructions decreased by 6.7% (+5.3% in the 1st quarter of 2022), corresponding to a level 9.9% higher than in the 2nd quarter of 2019. The number of renovation permits decreased by 9.5% (-8.6% in the 1st quarter of 2022), corresponding to a decrease of 14.8% compared to the 2nd quarter of 2019. An estimated 3.6 thousand buildings were completed in the second quarter of the current year, i.e., 4.9% less compared to the same period in 2021 (-0.5% in the 1st quarter of 2022) and up 7.0% vis-à-vis the 2nd quarter of 2019.

When compared with the previous quarter, the number of building permits decreased by 10.0% (+21.8% in the 1st quarter of 2022) and the number of completed buildings declined by 5.8% (-3.1% in the 1st quarter of 2022).

A monthly analysis highlights the 16.4% decrease in the number of building permits in May vis-à-vis the same month of 2021. Compared to May 2019, the number of building permits decreased by 17.4%.

In the 1st half of 2022, 3.1% less buildings were licensed than in the same period in 2021, but 6.3% more than in the 1st half of 2019.


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