ELSTAT: New Construction Permits Down 19.6% in May

The number of building permits issued in May 2024 fell by 19.6%, according to data from the Hellenic Statistical Authority (ELSTAT).

The Total Building Activity (private and public) in Greece, in May 2024, based on the issued building permits, amounted to 2,065. This figure corresponds to 461,144 m2 of surface and 2,246,001 m3 of volume, reflecting, respectively, a 19.6% decrease in the number of building permits, a 6.7% decrease in surface and a 3.4% increase in volume, compared with the corresponding month of 2023.

The building permits for the Private Building Activity issued nationwide in May 2024 totaled to 2,055, corresponding to 457,423 m2 of surface and 2,225,886 m3 of volume.

In comparison with the same month of 2023, there is a 19.5% decrease in the number of building permits, a 6.8% decrease in surface and a 3.8% increase in volume.

Building permits for the Public Building Activity issued in May 2024 amounted to 10, a figure that corresponds to 3,721 m2 of surface and 20,115 m3 of volume. Public Building Activity accounted for 0.9% of the total building volume in May 2024.

During the twelve month period, from June 2023 to May 2024, Total Building Activity (private and public) nationwide, based on the number of issued building permits amounted to 29,815. This figure corresponds to 6,920,543 m2 of surface and 31,450,808 m3 of volume.

In comparison with the corresponding period from June 2022 to May 2023, there is a 13.5% increase in the number of building permits, a 17.6% increase in surface and a 19.2% increase in volume.

Furthermore, as ELSTAT data shows, from June 2023 to May 2024, Private Building Activity in Greece recorded a 13.6% increase in the number of issued building permits, a 17.7% increase in surface and a 19.2% increase in volume, compared with the corresponding period from June 2022 to May 2023.

During the same period, Public Building Activity accounted for a 2.3% of the total building volume.

During the period of Jan – May 2024, Total Building Activity (private and public) in Greece recorded a 26.8% increase in the number of issued building permits, a 28.9% increase in surface and a 21.6% increase in volume, respectively, compared with the corresponding period of 2023.

Finally, during the same period of Jan – May 2024, Private Building Activity in Greece recorded a 26.9% increase in the number of issued building permits, a 30.2% increase in surface and a 22.0% increase in volume, in comparison with the period Jan – May 2023.

Source: tovima.com