Post by tomis42 on Feb 15, 2024 8:35:12 GMT
The construction boom, especially in the capital, has raised concerns about a potential bubble in the real estate sector. Although construction bubbles are difficult to predict, economists use several leading indicators that signal whether the housing market is becoming oversupplied. One of them is that of the increase of the built surface in relation to the increase of the population. What is happening in Tirana? From January 1, 2016 to the end of last year in Tirana, a total of construction permits were granted for 6 million and 485 thousand square meters of housing. Average 925 thousand square meters per year. These are only building permits for residential purposes, not including those for commercial business buildings or hotels.
The graph in the picture illustrates Finland Phone Number List two indicators. The blue curve shows the area approved for construction in relation to the increase in the population of Tirana according to years. In short, the area in square meters of permits approved for each new resident added to Tirana. In 2016, the population of Tirana increased according to INSTAT by 14 thousand 100 inhabitants. For the same year, KKT and the Municipality of Tirana granted construction permits for 141,000 square meters of housing. Which means 10 square meters for every added resident. Read also: Mr. Blinken, can you explain this democracy of ours? "Public misunderstanding"/ Rama withdraws from the initial draft for the destruction of Protected Areas In 2022, the population of Tirana increased by 6500 inhabitants.
For the same year, KKT and the Municipality gave permission for 1 million and 808 thousand square meters of construction, or 278.1 square meters for each added resident. The second curve in orange shows the average square meters of living space that a citizen of the European Union has today. So today in Europe, each resident has an average of 30 square meters of living space where they live. As the graph clearly shows, after 2018 Tirana is building much more than it has population flow. And the gap is widening year after year, reaching a record last year, where for every resident added to the capital, 278.1 square meters of residential building permits were granted.
The graph in the picture illustrates Finland Phone Number List two indicators. The blue curve shows the area approved for construction in relation to the increase in the population of Tirana according to years. In short, the area in square meters of permits approved for each new resident added to Tirana. In 2016, the population of Tirana increased according to INSTAT by 14 thousand 100 inhabitants. For the same year, KKT and the Municipality of Tirana granted construction permits for 141,000 square meters of housing. Which means 10 square meters for every added resident. Read also: Mr. Blinken, can you explain this democracy of ours? "Public misunderstanding"/ Rama withdraws from the initial draft for the destruction of Protected Areas In 2022, the population of Tirana increased by 6500 inhabitants.
For the same year, KKT and the Municipality gave permission for 1 million and 808 thousand square meters of construction, or 278.1 square meters for each added resident. The second curve in orange shows the average square meters of living space that a citizen of the European Union has today. So today in Europe, each resident has an average of 30 square meters of living space where they live. As the graph clearly shows, after 2018 Tirana is building much more than it has population flow. And the gap is widening year after year, reaching a record last year, where for every resident added to the capital, 278.1 square meters of residential building permits were granted.