Volume of building permits in Romania, particularly for non-residential projects, up in January-August

The number of building permits for residential units rose by 4.4% y/y to 24,821 in January-August, while the permits issued for non-residential projects over the same period of time cover a total surface area 21.9% larger compared to the area authorised for construction in the same period last year, according to data published by the statistics office INS. The report does not provide data immediately comparable for the area of the residential units.

The volume of construction works in the residential and non-residential segments of the construction market rose significantly, by 9.8% y/y and 6.2% y/y, respectively, in January-July this year, and the new permit numbers support expectations for steady advancement.