Investment in Public Housing Fell by 11% in Q1

28 April 2020 – Brainsre.news

Public administrations invested €109 million in public housing during Q1, which represents a decrease of 11.2%.

Investment in subsidised housing has decreased during the first three months of the year. The various public administrations have disbursed €109 million on public housing, which is 11.2% less than during the first quarter of 2019, according to data from the construction trade association Seopan.

This reduction is due in part to the crisis caused by coronavirus in the country, given that investment in housing by the administrations fell by 36.2% in March, whereas it only decreased by 2.6% between January and February.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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