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Municipalities Grant Licensing for Almost 19,000 New Homes in First Half of 2019

28 July 2019 – Richard D. K. Turner

From January to June, municipal authorities in Portugal granted licensing for 18,806 homes, part of 7,626 residential developments, according to Confidencial Imobiliário. Of those, new builds account for 81%. The redevelopment of existing homes accounted for 1,743 projects, with a total of 4,195 homes.

Between January 2017 and June 2019, new residential construction added to 74,409 homes in 32,707 housing projects, equivalent to 80% of the number of the homes granted licensing during the period.

Apartment buildings with more than 100 flats accounted for just eight new buildings during the first half of 2019. Meanwhile, buildings with 20 flats or less made up 80% of new construction.

Original Story: Dinheiro Vivo