Latest update: 13 March 2023
All Q4 permit data are in.
In terms of permit, there has been no sign of pessimism so far in the SEE countries. Right the opposite. Croatia, Serbia, and Slovenia are all expanding. Bulgaria peaked with 9 million permitted residential plus non-residential sqm in Q3 before correcting downward in Q4 and Serbia is beyond 7 million sqm. The biggest country, Romania, stayed close to its peak in the meantime.
Permit recovery in Turkey has stalled, and continuous growth in non-residential cannot compensate the pessimism in the residential submarket. The current level of around 140 million sqm is still less than half of the all-time high reached in 2017. Ukraine’s stat office managed to publish permit and completion figures for the whole 2022. The non-residential permit figs are about 60% less, while residential is 50% less than in 2021. (You may go to Country-by-country sheet from completion and choose quarterly from the observed period dropdown. By default you will see the latest 4 quarters together data)
In the coming months the rest of the countries will publish their Q4 data and we will update the chart, so please check back.
The Permit-Completion visualization contains data on 8 EECFA (Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey, Ukraine) + 1 Euroconstruct country (Hungary).
See the full viz: EECFA Permit-Completion Quarterly – 13 March 2023
Open the full visualization with the link above and come back to continue reading for hints:
Continue reading Q4 2022 Permit-Completion in EECFA area