In the 1st quarter 2016, building permits declined by 6.7% in comparison with the same period of the previous year (-1.1% in the 4th quarter 2015), corresponding to 3.7 thousand buildings. There was a 3.7% decline in building permits for new constructions (+7.1% in the 4th quarter 2015) while the number of rehabilitation permits declined by 13.6% (-13.5% in the 4th quarter 2015). Completed buildings declined by 22.0% (-24.4% in the 4th quarter 2015) with a total of 2.5 thousand buildings.
When compared with the previous quarter, the number of building permits decreased by 1.6% (-6.2% in the 4th quarter 2015) and the number of completed buildings declined by 5.0% (-6.0% in the 4th quarter 2015).