The Statistical Service announced that the number of permits issued by municipalities and the district administration offices during February 2012 were just 633.
The total value of these permits reached € 135,8 million and the total area 141.4 thousand square meters. These building permits provide for the construction of 630 residential units.During the period January - February 2012 the government issued 1,188 building permits, a decrease of 11.1% over the corresponding period last year.
The total value of these permits decreased by 25.7% and the total area by 27.8%. The number of dwelling units recorded a decrease of 36.5%.Building permits constitute a leading indicator of future activity in the construction sector.