Of the 8 EECFA countries, the highest growth of permitted m2 of buildings in 2019 was recorded in Ukraine. Both the multi-unit residential segment and non-residential buildings witnessed much higher permitted floor area than a year ago; almost 40% and 60%, respectively.
In the meantime, Turkey experienced a further massive drop. After permit halved in 2018, it halved again in 2019.
On the Balkans, Croatia and Serbia have the highest growth with both countries having registered an around 15% expansion driven by the residential segment.
Some countries like Bulgaria and Slovenia recorded a shrinkage, but both countries’ permitted m2 of buildings in 2019 was beyond the 2015-2019 average.
Which sub-market would you like to see?
Interactive graphs for 8 EECFA + 1 Euroconstruct countries:
Prepared by Janos Gaspar, Head of Research (EECFA, Buildecon)