13,972 Residential Building Permits Issued up to September

In the Alentejo, 1,044 new residential building permits were granted.

Cement consumption in Portugal totalled 2.87 million tons in the year to September, an increase of 6.6% year-on-year, according to AICCOPN’s Statistical Housing Synthesis.

During the first nine months of 2021, 13,972 residential building works were licensed by Portugal’s municipal councils, a growth of 12.0% y-o-y. The increase was boosted by a rise in new residential building permits, which grew by 15.3% year on year. At the same time, the licensing of rehabilitation works rose by just 1.2% year on year.

New mortgages granted by financial institutions totalled 11.157 billion euros in the year to September, an increase of 37.8%, compared to the same months of 2020.