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Bosnia's Serb Republic building permits drop 17.3% y/y in Feb

Bosnia's Serb Republic building permits drop 17.3% y/y in Feb Source: Pixabay

SARAJEVO (Bosnia and Herzegovina), March 24 (SeeNews) – The number of construction permits issued in Bosnia's Serb Republic in February fell by 17.3% year-on-year to 67, the entity's statistical office said.

The number of permits issued for residential and non-residential buildings dropped 17.4% in annual terms in February, whereas the permits for civil engineering projects decreased by 16.7%, the Institute of Statistics of the Serb Republic said in a monthly report on Monday.

Out of the total number of permits issued in February, 53 covered new construction projects, six were related to upgrades and extensions, while the remainder covered works for reconstruction and conversion of buildings.

Based on the number of permits issued, planned dwellings soared 120% compared to February 2019, to 341. 

The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.

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