Construction of new homes and apartments in urban areas fell 6.94% on the year to 3,942 units in the third quarter, while housing construction in rural areas decreased 8.8% to 5,792 units, the country’s statistics institute INS said
Around 9,682 of the new homes and apartments built in the third quarter were financed from private funds, while 618 units were publicly funded.
In January through September, housing construction inched down 0.2% on the year to 26.593 units, the data showed. Urban constructions increased 0.8% to 11,630 units in the first nine months, but new homes in rural areas were down 1% to 14,963 units.