The number of construction permits for residential buildings in Romania increased by 13.2% y\/y in September, pushing up the annual advance to +3.3% y\/y for the entire January-September period, according to the statistics office INS.<\/p>\n
The annual advance for the first nine months of the year was 3.4%, slightly larger than the average, for Bucharest.<\/p>\n
However, the surface of residential buildings with a construction permit issued in January-September decreased by 11.0% y\/y country-wide despite the 2.8% y\/y advance in September.<\/p>\n
For Bucharest, the situation is slightly more encouraging: the area with a construction permit issued in the first nine months of 2024 surged by 153.5% y\/y (+58.6% y\/y), invalidating real estate developers\u2019 concerns about the deadlock generated by the blocking of urban development plans by mayor Nicusor Dan.<\/p>\n