Romanian residential building permits increase in 2024

Between January and November 2024, 33,156 building permits for residential buildings were issued in Romania, marking a 3.3% increase compared to the same period in 2023, according to data from the National Institute of Statistics.

The growth in permits was observed in several development regions, including South-Muntenia and West (+391 permits each), Bucharest-Ilfov (+224), North-East (+99), North-West (+62), South-West Oltenia (+59), and South-East (+6). However, the Center region experienced a decline of 172 permits.

In November 2024, 2,729 permits were issued for residential buildings, reflecting a 13.8% decline compared to October 2024. The total usable area covered by these permits decreased significantly by 35.3%, amounting to 671,217 square meters. Of the total permits issued, 72.3% were for projects in rural areas.

Despite the monthly decrease, November 2024 showed an improvement compared to the same month in 2023, with a 1.1% rise in the number of permits issued and a 6% increase in the total useful area.

The data underscores continued growth in residential construction, particularly in specific regions, while also reflecting seasonal and regional variations in activity.

Source: Profit.ro