TIRANA, Nov 27 /ATA/ – Albania saw a significant increase in the area authorized for construction projects, although the number of construction permits issued by the relevant authorities decreased in the third quarter of 2024.
The National Institute of Statistics (INSTAT) said in its latest report on the construction permits that the number of approved construction permits slightly declined by 1.9% year-on-year to a total of 354 permits in the third quarter from 361 approved permits in the same period of the previous year.
Data from INSTAT reveal a 78.9% increase to 814 340 square meters in the area covered by new building permits compared to 455 181 square meters during the same period of 2023, marking a record high.
The approximate value of construction permits issued for buildings and civil engineering works in the third quarter of 2024 is estimated 33.3 billion lek, up from 18.9 bilion lek during the same period of 2023, increasing 76.1%.
INSTAT data show that residential buildings led the permit issuance in the third quarter with 266 approvals out of a total of 354 permits, 12 permits for hotels, while 18 permits have been issued for construction of commercial buildings, 31 more permits for industrial and business offices.
Tirana and Durres lead for the high number of permits with 125 and 100 permits, respectively.
/a.f/r.e//u.sh/
