Number of building permits remained low in Jan-May

The number of building permits issued by municipalities dropped 20.1% in the five-month period into May 2010 to 15,278 from the same period of last year, data from the National Institute of Statistics show.

The biggest declines were observed in the following regions Bucharest-Ilfov (-758 permits), South-Muntenia (-741 permits), South-East (-640 permits), and North-West (-616 permits).

According to data from INS, 3971 building permits were issued in May 2010, down 11.3% from the year-ago period.

The biggest decreases were observed in the regions: Bucharest-Ilfov (-230 permits), North-West (-169 permits) and Center (-84 permits), while increases were observed in South-West Oltenia (47 permits) and West (27 permits).

Compared to the previous month, the number of home-building approvals rose in May by 7.7%. Broken down by regions, the number of permits issued by municipalities increased country-wide.

The biggest increases were observed in North-East (+153 permits), South-East (+67 permits), Bucharest-Ilfov (+50 permits) and South-Muntenia (+46 permits). Declines were observed in Center (75 permits) and North-West (35 permits).

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