Residential construction in the period of January-May 2018

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In the period of first five months of 2018 there were more dwellings completed than the year before. The number of dwellings for which permits have been granted or which have been registered with a construction project and the number of dwellings in which construction has begun also increased.

According to preliminary data, in the period January-May of 2018, 69942 dwellings were completed, i.e. by 6.9% more than the year before (when an increase was noted by 5.5%). Among two main forms of constructions in the housing market better results were recorded by developers who completed 40227 dwellings, i.e. by 10.4% more than the year before (when an increase was recorded by 8.7%) and private investors – 27882 dwellings, i.e. by 0.6% more (against an increase by 3.5% the year before ). The share of these forms of construction amounted to 97.4% of the total number of dwellings completed in January-May of 2018 (of which developers – 57.5% and private investors – 39.9%). More dwellings, in comparison with January-May of 2017, were completed by the housing cooperatives (897 dwellings against 748), in the public building society construction 384 dwellings (against 199 dwellings the year before), in the municipal construction 480 dwellings (against 327), in the company construction 72 dwelling (against 15).

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