TIRANA, Feb 28 /ATA/ – Albania saw an increase in the area authorized for construction projects, although the number of construction permits issued by the relevant authorities decreased in 2024 compared to the previous year, data from the National Institute of Statistics (INSTAT) showed on Friday.
In its latest report on the construction permits, INSTAT said that the number of approved construction permits fell 16.6% year-on-year to 1336 in 2024 from 1602 permits issued for new buildings in 2023.
However, the total area authorized for construction has expanded by 18.1% to 2.4 million square meters in 2024, up from 2.1 square meters approved in 2023.
INSTAT report reveals that the approximate value of building permits issued for buildings and civil engineering works in 2024 is estimated 106.4 billion lek, up from 89.6 billion lek in 2023, increasing 18.8%.
Tirana region has played a pivotal role in this growth with a total of 494 construction permits and with a total construction area of 1.2 million square meters. This highlights a significant trend towards larger developments in the Albanian capital.
/j.p/u.sh/
