The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261.
The residential construction segment, driven by the individual (as opposed to collective) residential buildings, rose by 7.9% y/y in terms of square meters approved for construction, to 4.3 million square meters: 17,639 projects (+4.2% y/y) with an average surface of 241 square meters.
The significant segment of “other buildings” that includes offices, industrial and logistics spaces, advanced moderately by 5.7% y/y in terms of surface to 1.48 million square meters: 2,671 projects (-1.9% y/y) with an average surface of 571 square meters.
(Photo: Somporn Suebhait/ Dreamstime)
iulian@romania-insider.com
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