Source link : https://europ.info/2025/05/13/north-macedonias-building-boom-4-surge-in-permits-this-march/
North Macedonia’s Building Permits Growth Signals Economic Strength
In March 2023, North Macedonia recorded a notable 4% rise in building permits compared to the same month last year, reflecting a positive trajectory in the construction sector as the country continues its economic recovery. This increase is attributed to several factors that have created a favorable environment for architectural and construction endeavors nationwide. Improved investor confidence,along with proactive government policies,has facilitated growth in both residential and commercial projects.
The distribution of these permits reveals a wide array of approved initiatives, showcasing a well-rounded strategy for urban development. Key observations include:
- Residential Projects: A considerable portion of permits was designated for new housing developments aimed at addressing the rising demand for living spaces.
- Commercial Ventures: The uptick in approvals for commercial buildings indicates a strong recovery within retail and office markets.
- Infrastructure Development: Continuous investment in infrastructure projects highlights the government’s commitment to enhancing urban environments.
| Type of Construction | Total Permits Issued | % of Total Permits |
|---|---|---|
| Residential | 250 | 50% |
| Commercial td > | 150 td > | 30% td > tr > |
| Infrastructure td > | 100 td > 20% t d > …/>/> |
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Author : Ava Thompson
Publish date : 2025-05-13 07:34:00
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