31
31

Licensed and Completed Buildings Up by 18.5% and 16.1% in 2018

15 March 2019

The number of buildings licensed for construction increased by 18.5% to 22,000, while the number of completed buildings rose by 16.1% to 15,000 in 2018, compared to the year before, according to the National Statistics Institute (INE). In 2017, the increase had been 9.9% and 22.1%, respectively.

The market has swung wildly in the years during and after the financial crisis. Licensing fell by 22.7%, while the number of completed buildings fell by 26.7% in 2013. In 2017, completed buildings rose by 22.1%, while the number of licensed building increased by 18.5% last year.

40.4% of the total number of completed buildings (both new and existing) were located in the northern region of Portugal, along with 39.1% of new, completed dwellings. Completed buildings in Lisbon account for 11.6% of the total in 2018.

Original Story: Diário Imobiliário / Lusa

Summary / Translation: Richard Turner