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12:00 GMT
04
Sep 2008

Turkish Jan-July Building Permits Decline At Faster Pace

(RTTNews) - Thursday, Turkey’s statistical office Turkstat announced that the number of building permits issued by municipalities decreased 13.6% year-on-year in the period between January to June. A year ago, the number of building permits had fallen 3.5%.

According to the construction permits issued, the value of buildings rose 3.1%, while the floor area declined 12.6%. Permits issued for dwelling units fell 10.5%.

During the first six months of the year, the number of residential buildings decreased 15.3% annually to 39,851. The floor area of residential buildings declined 14.6%.

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