Serbian construction permits down by 10.5 pct y-o-y in February

BELGRADE – A total 1,786 construction permits were issued in Serbia in February 2023, which was a 10.5 pct decline relative to the same month of 2022.

According to figures released by the national statistical office RZS, 77 pct of the total permits were issued for buildings, while other structures made up the remaining 23 pct.

When it comes to permits for buildings alone, 77.4 pct were issued for residential buildings and 22.6 pct for non-residential buildings, the RZS said.

The highest construction activity is expected in the Belgrade district - 49.8 pct of the planned value of new structures.