Construction in 2019, Fewer Permits more Floor Area

Construction in 2019, Fewer Permits more Floor Area

 

TIRANA, February 28
Residential buildings account for the major number of new permits issued in 2019 in Albania, while the number of permits for office buildings and industrial parks was zero.
The number of construction permits issued during 2019 was 1,044 or 13 percent less compared to 2018, the Institute of Statistics confirmed on Friday. However, the floor space of the new buildings was 1,916,719 or 32.8 percent more compared to the floor area of the permits issued in 2018. The overall value of all the permits issued in 2019 was estimated at Lek 79.3 billion, 34.4 percent more compared to the previous year.
construction permits in Albania
Based on INSTAT data, the permits were divided into three main groups. Residential buildings accounted for 54.4 percent of the permits. Non-residential buildings accounted for 32.7 percent of the permits while engineering works accounted for 12.7 percent of the total number of permits. The number of new construction permits decreased significantly in the fourth quarter of 2019 following the earthquake of November. Tirana was the region with the highest number of new construction permits followed by Durres, Fier, and Elbasan.

Read also:
Offices for Sale and Rent in Tirana

Real Estate in Albania

New Ekspozita Building Will Rise in Tirana
Source: INSTAT


Leave a Reply

Your email address will not be published.