newsweek.ro/economie/ritm-constructii-incetinire-a

The construction sector in Romania is slowing down, with residential building permits dropping by over 38% in September, indicating a cautious real estate market. The National Institute of Statistics reported that only 2,225 permits were issued, reflecting a 24.4% decrease from August and a 38.2% decline compared to last year. This trend is attributed to high construction material costs and stricter mortgage lending conditions. The decline is widespread across all regions, particularly affecting urban centers and rural areas. The total number of residential permits for the first nine months of the year is down by 15.5% compared to the same period in 2022, suggesting future pressure on housing supply and prices.