Romania's Q1 residential building permits down 7.2%

In March alone, Romania issued 3,037 building permits, of which 71% were for projects in rural areas, INS said in a monthly report.

Residential building permits issued in March declined by an annual 9.2% but increased by 19% on a monthly basis.

Non-residential permits amounted to 598 in March, falling by an annual 10.2% but up by a monthly 17%.

The regional distribution of residential building permits issued in March shows an annual decrease in all of Romania's development regions. Non-residential permits, however, dropped only in the Southeast, South-Muntenia, and South-West Oltenia regions and increased in all the other five development regions.

In 2023, Romania issued 34,646 building permits for residential projects, down 21% year-on-year.

Source: INS