Boom of Administrative Buildings Expected

In the third quarter of 2016, construction licenses for administrative buildings increased by 37.8%, compared to the previous quarter, while their area  marked a 315% growth.

Compared to a year ago, licenses increased by 27.5%, while the area of administrative buildings increased by 81.6%.

This is happening against the background of a decrease in the construction of residential buildings and licenses for such buildings, showed data of the National Statistical Institute.