Analytics, Construction, Good for Business, Latvia, Real Estate
International Internet Magazine. Baltic States news & analytics
Thursday, 03.04.2025, 16:10
Number of building permits for new residential buildings in Latvia jump 34.9% in H1
Print version |
|---|
The total floor space of the new dwelling house projects expanded 37.2%
year-on-year to 165,600 square meters (m2).
During the first half of 2017 the Latvian construction authorities also
issued 34 permits for construction of new industrial buildings and storage
facilities with a total floor space of 31,600 m2. The number of such permits
dropped by 46% from the first half of 2016, while the total floor space of
these construction projects declined twice.
According to CSB data, a total of 1,103 permits were issued for
construction, reconstruction and renovation of single dwelling houses with a
total floor space of 228,00 m2 in January-June 2017. In comparison with the
first six months of last year, the number of such permits rose by 27.5% and the
total floor space of the projects grew by 38.9%.
Also, 67 permits were issued in the first six months of 2017 for
construction, reconstruction and renovation of industrial buildings and storage
facilities with a total floor space of 92,900 m2. In comparison with the first
half of 2016, the number of such permits declined 37.4%, and the projects'
total floor space contracted 24%.
In 2016, Latvian construction authorities issued 1,329 permits for
construction of new single dwelling houses, which was a 4.1% drop from a year
before. The total floor space of the new single dwelling house projects
contracted by 11.2% year-on-year to 250,300 m2.
«The Baltic Course» Is Sold and Stays in Business!
