Building permits in Tirana hit new high as moratorium lifted
A total of 101 permits for new residential buildings were approved in the first quarter of this year.
According to data from the Institute of Statistics, the number of building permits appeared to increase compared with the same period a year earlier, when the number of approved permits was 65.
Building permits have begun an upward trend since the second half of last year, when the number of permits approved was 292, five times more compared with the second half of 2015.
Statistics show that after the lifting the moratorium and adoption of online permitting system, there is a significant increase in the number of building permits.
According to INSTAT, in the first quarter the number of approved permits for residential buildings accounted for 75% of the total, while 25% of permits were for buildings with commercial or industrial purposes.
The districts with the highest number of new constructions in the first quarter were Tirana and Vlora.
The real estate market has begun to recover following a stalemate for several years, caused by the crisis and a kind of market saturation in specific areas.
This has prompted the launch of new investments and the value of constructions that are expected to become part of the market is set to increase.
For the first quarter of this year, the approximate value of constructions with approved permits approved was nearly ALL 10 billion, from ALL 2.7 billion that it had been in the first quarter of last year.
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.