In May, 795 construction permits were issued in Croatia, which is 7.7% less than in the same month last year, while the estimated value of the works amounts to 1.85 billion kunas or 24.13% less, according to the data of the State Office for Statistics (DZS).

"In May, despite the growth on a monthly level, it's the second consecutive month that the number of issued permits for building has fallen on an annual level", says the analysis of Raiffeisenbank Austria (RBA) analyst citing DZS data.

According to the types of buildings, 83.1%, or 661 permits in May were issued for buildings, and 16.9%, or 134 for other buildings, show DZS data.

For buildings, a total of 357 construction permits were issued for residential buildings and 109 for non-residential ones in May.

According to the types of works, 70.8% or 563 permits issued were for new construction, while 29.2% or 232 for renovations.

According to the issued construction permits, 840 apartments are planned to be built in May, which is 214 apartments or 20.3% less than in May last year, according to DZS data.

In the first five months of this year, 3,848 construction permits were issued, which is 1.2% or 45 permits less than in the same period last year. Based on these permits, the estimated value of the works amounts to 9.65 billion kunas or 14.5% less than last year.

According to the issued construction permits in the first five months of this year, 4,663 apartments are planned to be built, which is 285 apartments less than in the same period last year.

In RBA's analysis published on Monday, it was also noted that the number of issued permits for building still remains at around 20% lower levels compared to the pre-crisis year of 2008. This, they point out, confirms also the share of construction in GDP, which decreased from 7.8% in 2008 to 4.6% last year.

source: lider.media

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