building projects

Construction activity trends and projections in Serbia: March 2024 overview

In March 2024, there was a notable decline of 11.0% in the issuance of construction permits compared to the same period in the previous year, with a total of 2,293 permits issued. According to data from the Statistical Office of the Republic of Serbia, 80.7% of these permits were allocated for building construction, while the remaining 19.3% were for other types of constructions. Within the category of buildings, residential projects accounted for 77.5% of the permits, while non-residential projects comprised…