The number of building permits fell again in the first quarter of this year, after two consecutive quarters of growth.
According to the Institute of Statistics, in the first quarter of this year, in Albania were given a total of 58 building permits, from 210 that were in the last quarter of last year. Reduce the number of building permits following the negative results of the manufacturing sector, which increasingly Index in quarter of this year fell by 5.3% on an annual basis and by 4.5% compared with the last quarter of 2013.
In first quarter 2014 the new construction initiatives, based on permissions, focused mainly in the regions of Tirana, Vlora and Shkodra. 50 from a total of 56 permits were given in these regions. In the District Tirana new construction permits were 24, significantly less than the momentum of the last quarter of 2013, when they gave 79 building permit. Sharp declines were in permits for Durrrësit district, with only a permit, from 77 such approved in the last three months of 2013.
According to INSTAT, the value of buildings approved in the first quarter of this year was 6 billion, 64% less compared to the last quarter of 2013. The performance of the real estate market appears not yet supports sustainable return of investments Construction. According to the Bank of Albania, for the first quarter of this year, housing prices in Tirana fell by 10.2% compared with the previous quarter, following the same downward trend of 2013.