TIRANA, August 30/ATA/- The Albania’s Institute of Statistics (INSTAT) reported Friday that, in the second quarter of 2019, the investments in the construction sector have increased.
The construction sector grew at double-digit rates, following voluminous investment in the residential sector in the country’s main cities and especially in the capital, alongside the development of infrastructure projects and other important works impacting the economy.
According to INSTAT, the approximate value of construction permits issued for new buildings and civil engineering in the second quarter 2019 was ALL 16.8 billion compared with ALL 11.4 billion in the second quarter 2018, showing an increase of 47, 0%.
In the second quarter of 2019, a total of 310 building permits have been issued for new buildings, out of which 270 permits in the second quarter 2018, marking an increase of 14.8%.
According to INSTAT, at the national level, the total area in square meters of construction permits issued for new buildings in the second quarter 2019 is 409,548 m2, compared with 292,895 m2 in the same period of the previous year, showing an increase of 39.8%.//a.i/
