Portugal’s northern and central regions continued to stand out regarding the number of completed buildings.
According to the National Statistics Institute, 6,000 buildings were licensed in Q3 2021, up 0.9% compared to the same quarter last year (vs +29.5% in Q2 2021) and up 3.1% in Q3 2019.
The number of buildings licensed for new construction increased by 3.8% (vs +30.2% in the 2nd quarter of 2021) and were up 8.1% compared to the 3rd quarter of 2019. According to the INE’s analysis, licensing for renovations fell by 6.3% (vs +26.3% in the 2nd quarter of 2021), corresponding to a decrease of 9.8% compared to the 3rd quarter of 2019. The number of completed buildings rose by 5.5% (vs +3.3% in the 2nd quarter of 2021), 7.8% more than in the 3rd quarter of 2019, totalling 3,900 buildings.
Portugal’s national statistical agency also reported that the number of licensed buildings decreased by 8.9% q-o-q (-0.5% in Q2 2021), and the number of completed buildings grew by 4.1% (-0.4% in Q2 2021).