Housing completions up 16.7% y-o-y in April

The number of flats delivered in April 2018 increased by 16.7% when compared to the same month of 2017, and it stood at 13,187 units, according to the preliminary data of the Central Statistical Office (GUS). Compared to March 2018, the number of home completions went down by 14%. In January-April 2018, the number of completions went up by 12.2% year on year to 58,095.

There were 22,924 home starts in April 2018, up by 30% year on year and 13.6% up when compared to March 2018. Compared to April 2017, the number of flats for which construction permits were issued or for which notifications with a construction design attached were filed decreased by 9.3% to 21,043. Relative to March 2018, this figure represents a 16.6% decrease. In January-April 2018 there were 70,902 home starts (+14.6% year on year) and 87,475 permits and notifications (+4.8%).