Housing
Construction: Licensed projects fall 7.3%, but number of housing units rises 4.1% through August
Data from AICCOPN shows that while the total number of licensed housing projects dropped by 7.3% (to 12,805) through August, the number of individual housing units approved within those projects increased by 4.1% (to 29,030 units). Simultaneously, bank valuations for residential property reached an average of 2,254 euros per square meter in August, marking a 14.7% increase compared to the previous year, with apartments seeing a 17% rise in valuation.
Why it matters
If you are looking to buy property, bank valuations are continuing to rise significantly, particularly for apartments, while the supply of new units being licensed remains active despite a decline in the number of overall project applications.Diário de NotíciasRead original ↗
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