Construction of new homes and apartments in urban areas fell 7% on the year to 17,305 units in 2013, while housing construction in rural areas decreased 5% to 22,766 units, the country’s statistics institute INS said.
Around 38,873 of the new homes and apartments built last year were financed from private funds, while 1,198 units were publicly funded.
In the fourth quarter alone, housing construction was down 15.3% on the year to 13,478 units, the data showed.