367 building permits in July, 1,248 new homes expected

During July, the number of building permits declined, although the approved projects still include hundreds of homes and thousands of square meters of new floor space. A total of 367 building permits were issued, representing an 8.5% decrease compared with the same period last year.

Of these, the overwhelming majority—227 permits—were for high-rise buildings, while 39 were designated for low-rise structures. The reconstruction of another 101 buildings was planned. Based on these approvals, 1,248 homes are expected to be built across the country, with a total area exceeding 100,000 square meters.

In terms of geographical distribution, Skopje leads with 107 building permits and 752 planned homes. However, the value of investment suffered a sharp blow. The total value of the authorized buildings amounted to around 8 billion denars, representing a 74.8% decline compared with a year earlier.

The State Statistical Office explained that this sharp decline was caused by a large-scale permit issued in July last year for the construction of a wind farm in the areas of Shtip, Radovish and Karbinci.

As for the profile of investors, individuals make up the majority. Specifically, 209 buildings, or 56.9% of the total, are being financed by individuals, while 158 projects come from business entities.