Housing completion for Q1 2015 up 11.6% y-o-y in Romania
The same positive trend is observed when permits are analysed by area. The figure for 2014 was 7.4 million m², 4.8% more than that of 2013. The downward trend in the total useful area of residential property for which construction permits were issued levelled off in 2013, and is expected to maintain upward momentum in the coming years, supported by the low base effect and an on-going economic recovery. The major driver behind the recent surge was the revival of residential construction activity in urban areas. Analysing the results for Q1 2015 there can be seen an impressive improvement in urban projects. In Q1 2015 in urban areas were put into use 18.9% more dwellings than during the same period a year ago while in rural areas were activated only 4.1% more houses.
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