Residential construction in the period of January-March 2024

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In the first quarter of 2024, there were less dwellings completed than the year before. Whereas the number of dwellings for which permits have been granted or which have been registered with a construction project as well as dwellings in which construction has begun increased.

According to the preliminary data, 48.8 thousand dwellings were completed in the period of January-March 2024, i.e. by 11.9% less than in the corresponding period of 2023. Developers completed 29.4 thousand dwellings – by 4.0% less than a year ago, whereas private investors completed 18.2 thousand dwellings, i.e. by 22.5% less. Within these forms of construction, 97.8% of the total number of newly completed dwellings was built. Within other forms of construction 1.1 thousand dwellings were completed (by 0,1 thousand less than in the previous year).

The total useful floor area of dwellings completed amounted to 4.5 million m2, i.e. by 15.6% less than a year ago and its average value for 1 dwelling was 91.3 m2.