Number of Construction Permits Drops by 1.67% to 2,479 by February 2017

According to the Orders of Engineers in Beirut and Tripoli, the number of construction permits fell by a yearly 1.67% to reach 2,479 by February 2017. The Construction Area Authorized by Permits (CAP) also dropped by an annual 7.92% to 1.89 million square meters (sqm).  It is worth noting that permits are usually issued at least 6 months after applications are filed.

The number of construction permits issued in Beirut also dropped by 9.76% from 2,244 permits by February 2016 to 2,025 permits by February 2017. The region where the biggest portion of permits was allocated was Mount Lebanon with 943 construction permits by February 2017 compared to 969 construction permits by February 2016. 405 permits were allocated in the region of South Lebanon in the first two months of 2017 compared to 514 in the same period in 2016. 323 permits were granted in the region of Nabtiyeh by February 2017 compared to 383 in the same period last year. In Beirut, 103 construction permits were granted by February 2017 compared to 92 permits in the same period last year.

In the North, the number of permits actually rose from 277 by February 2016 to 454 by February 2017 with the CAP also rising from 312,668 sqm in 2016 to 363,018 in 2017.

Number of Construction Permits by February

Number of Construction Permits Drops by 1.67% to 2,479 by February 2017

Source: Orders of Engineers in Beirut & Tripoli

 

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