apartment

Increasing number of building permits, decreasing construction

The number of issued building permits has increased for the second consecutive month, but unfortunately, that doesn't necessarily mean more apartments will enter the market. As for prices, that's another story.Official statistics brought another optimistic piece of news today. The total number of issued building permits in November 2023 (3,357) was 20.7% higher than a year earlier. The number of permits for apartment construction (3,783 planned units) is also 14% higher than the previous November. These numbers are more promising…