Colombia: Dwelling permits up 3,5% compared to August

In September 2018 the dwelling permits were slightly above 14.900 units in Colombia. Compared to the year before, we have an increase of 12,7% and compared to August 2018, dwelling permits have increased by 3,5%. Nonetheless, the development of building permits in Colombia is quite volatile: In the first and in the third quarter less dwellings were permitted compared to the previous year, while the second quarter showed a two digit growth rate compared to the same period in 2017.

 

From January to September dwelling permits developed positive with +2,3% compared to the previous period (2017). Based on this data the B+L forecast for the current year leads to a yearly growth rate of 5,3%.