Building permits for retail buildings on the rise in H1, residential segment shows signs of recovery
<p>The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS.&nbsp;The number of projects rose by 42% y/y to 261.</p>

<p>The residential construction segment, driven by the individual (as opposed to collective) residential buildings, rose by 7.9% y/y in terms of square meters approved for construction, to 4.3 million square meters: 17,639 projects (+4.2% y/y) with an average surface of 241 square meters.</p>

<p>The significant segment of “other buildings” that includes offices, industrial and logistics spaces, advanced moderately by 5.7% y/y in terms of surface to 1.48 million square meters: 2,671 projects (-1.9% y/y) with an average surface of 571 square meters.</p>

<p>(Photo: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Somporn Suebhait/ Dreamstime</a>)</p>

<p><em>iulian@romania-insider.com</em></p>