197 construction permits were issued in the second part of 2017

The number of construction permits issued in Albania recorded another increase in the second quarter of this year.

According to data from the Institute of Statistics, the total number of building permits approved across the country reached 197, out of 101 permits in the first quarter.

Meanwhile, compared to the same quarter of the previous year, the number of permits has almost doubled.

The districts with the highest number of new construction permits in the second quarter of this year was Tirana with 59 permits, followed by Fieri with 37 and Vlora and Elbasan with respectively 22.

Based on the most detailed data from INSTAT, it is seen that there is a distribution flux of new permits, both for residential and commercial constructions.

Out of 121 permits for residential buildings dominate buildings up to two floors, while permits for new buildings were only 29.

Permits for non-residential buildings are mainly dominated by buildings for industrial and commercial activity.

According to INSTAT data, construction has been one of the main contributors to the economic growth in recent years.

For the first quarter of this year, the construction sector output increased by nearly 14% over the same period a year earlier.

However, so far the main contribution within the sector belongs to engineering works, mainly those in the energy sector.

However, the real estate market, despite improvements, is still facing a slow and volatile growth.

SCAN

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