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Romania’s 1Q Residential Building Permits Up 13.1% On Yr

Romania issued 11,806 building permits for residential projects in the first quarter of 2008, up 13.1% from the same period a year ago, the country’s Statistics Institute said Tuesday.
Romania’s 1Q Residential Building Permits Up 13.1% On Yr
29 apr. 2008, 10:29, English

In March alone, Romania issued 5,299 buildings permits for residential projects, up 14.7% on the year from March 2007 and almost 30% on the month from February, the institute said.

Nearly 63% of the building permits issued in March was for residential projects in rural areas, it said.

In 2007, Romania issued 56,618 building permits for residential projects, up 11% from 2006.

In recent years, real estate projects have mushroomed in Romania, with large investments announced by major players from Germany, the U.K., Ireland, Israel, Spain and the U.S., amid skyrocketing prices due to booming demand.