The viz was updated on 29 November 2025 and it is great to see the recoveries here and there.
The text will be updated as soon as we have all the permit data (Ukraine Q3 is missing now).
When it comes to permits, Croatia and Serbia are still very stable. Both countries experienced massive expansion between 2014 and 2022 and they have remained close to their peak every since. Croatia has had around 4 million, while Serbia has had above 7 million permitted m2 for three years. Q2 in Slovenia was not soo good, so it remained well below the peak reached in 2022. Bulgaria is also below its latest peak, but permit data of the latest 3 quarters depict a growing optimism. In Romania the mild recovery is ongoing, led by the residential submarket. Hungary also turned upward, also because of the residential permits. The non-residential submarket looks very bad. Permits have fallen back to the level experienced in 2015.
You may use the dropdown in the viz for selecting either the residential or the non-residential submarket, or both.
See the full viz: EECFA Permit-Completion Quarterly – 29 November 2025
In the full visualization, not only permit but completion data can be followed (where available). Just click on the Country-by-country sheet.
Led by the residential submarket, Türkiye bounced back and up. And due to changing accounting method, all permit time series from 2010 have been revised. From Q2 2025 on, permits issued by authorities other than the municipalities are also reported by TUIK. So the scope is bigger, the results show the full picture. Click through the below viz for understanding the size and the impact of this revision. Mild optimism prevails in Ukraine, the permitted floor area keeps expanding. Since the beginning of this year the residential submarket drives this growth. Russia is stable when it comes to completion of buildings. Non-residential has been edging up, residential has been edging down lately.