Residential building permits issued in Romania declined 24% on an annual basis in the first seven months of this year, the National Institute of Statistics (INS ) data showed. A total of 20,196 residential building permits were issued. Declines were recorded in all development regions: Bucharest-Ilfov (-1,460 permits), Sud-Muntenia (-1,019), Nord-Vest (-983), Vest (-841), Nord-Est (-642), Sud-Est (-623), Sud-Vest Oltenia (-497) and Centru (-316).
In July alone, 3,056 residential building permits were issued (+1.3% m-o-m), for a total usable area of 871,621 sq.m. (+8.9%). As many as 68.5% of them was for the countryside.
A monthly increase by 38 in the number of the residential building permits issued was recorded in July. The increase is reflected in the following development regions: Sud-Vest Oltenia (+56 permits), Centru (+46), Nord-Est (+35) and Bucharest-Ilfov (+24). Decreases were reported in the following development regions: Sud-Muntenia (-62), Vest (-29), Nord-Vest (-26) and Sud-Est (-6).
In July, 548 non-residential building permits were issued (-4.5% m-o-m), for a total usable area of 443,557 sq.m. (+35.6%). A monthly increase in the usable area under non-residential building permits (+116,490 sq m) was reflected in the following development regions: Nord-Vest (+131,948 sq.m.), Vest (+43,469), Bucharest-Ilfov (+31,572), Sud-Est (+8,312) and Centru (+4,495) . Decreases were reported in the following development regions: Nord-Est (-82,408 sqm), Sud-Vest Oltenia (-17,449) and Sud-Muntenia (-3,449).
A decrease in both residential building permits (-20.9%) was also observed. The total usable area under them fell 23.8%, y-o-y.
The decrease in the number of residential building permits (-809 permits) was recorded in the following development regions: Sud-Muntenia (-206 permits), Bucharest-Ilfov (-201), Vest (-148 ), Nord-Est (-102), Sud-Est (-101), Nord-Vest (-56), and Sud-Vest Oltenia (-10). Increases were reported in the Centru development region (+15).
Building permits in Romania averaged 3676.49 units from 2005 until 2023, reaching an all time high of 6291.00 units in May of 2008, according to Trading Economics.
