Residential construction in the period of January-March 2019

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In the first quarter of 2019 there were more dwellings completed than the year before. The number of dwellings in which construction has begun also increased, whereas the number of dwellings for which permits have been granted or which have been registered with a construction project decreased.

According to the preliminary data, 47.4 thous. dwellings were completed in the period of January-March 2019, i.e. by 5.8% more than a year ago. Developers completed 28.6 thous. dwellings (11.5% more than in the corresponding period of the previous year), whereas private investorsb completed 17.4 thous. dwellings, i.e. by 3.7% less than in 2018. Within these forms of construction, 97.2% of a total number of completed dwellings was built. More dwellings than a year ago were completed within cooperative construction (612 compared to 491 dwellings). In other forms of construction (municipal, public building society and company construction) 731 dwellings were completed in total, i.e. by 31.5% more than a year ago.

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