construction pipeline

Construction permits rise in Serbia as real activity stays uneven

Serbia’s construction pipeline improved in early 2026, while activity indicators pointed to uneven execution. In March, the country issued 2,634 building permits, up 19.3% year on year. More than four-fifths of the permits were for buildings, with residential projects the dominant category. Permits increase while construction values diverge Activity data for the first quarter were weaker when adjusted for inflation. The value of construction works increased 1.7% at current prices compared with a year earlier, but declined 5% at constant…