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Instituto Nacional de Estatística - Building permits declined by 2.4% and completed buildings increased by 19.6% - 4th Quarter 2017

In the 4th quarter 2017, building permits declined by 2.4% in comparison with the same period of the previous year (+7.3% in the 3rd quarter 2017), corresponding to 4.3 thousand buildings. Building permits for new constructions increased by 2.0% (+15.4% in the 3rd quarter 2017) while the number of rehabilitation permits decreased by 12.4% (-5.4% in the 3rd quarter 2017). Completed buildings recorded a 19.6% increase (+23.2% in the 3rd quarter 2017) with a total of 3.4 thousand buildings.

When compared with the previous quarter, the number of building permits decreased by 4.8% (-4.6% in the 3rd quarter 2017) while the rate of change as regards completed buildings was +0.7% (+14.8% in the 3rd quarter 2017).

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