Portugal reports positive building permit growth

In the 1st quarter of 2021, there were 6.5 thousand licensed buildings, the National Statistics Institute (INE) announced today. This equates to an increase of +7.0% as compared to the same period last year.

According to the INE, building permits for new constructions increased by 8.4% while permits for renovation grew by 1.5%. Compared with the previous quarter, the number of building permits increased by 11.6% and the number of completed buildings grew by 0.4% (+1.0% in the 4th quarter of 2020).

INE’s monthly analysis suggests that after the year-on-year decreases registered in January and February, the building permits grew by 43.6% in March and by 64.1% in April. When compared to the same period of 2019, this growth is also relevant, with increases of 25.9% in March and 25.7% in April, INE revealed. 

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