New real estate: 512.400 building permits over the past year, up 10%

In the third quarter of 2022, authorized dwellings were down (-2,0%) compared to the previous quarter, when they had experienced a greater decrease (-9,9%), in data adjusted for seasonal variations and working days (CVS-CJO). The number of dwellings authorized over the last three months is higher (+9,3%) than the average for the 12 months preceding the health crisis (March 2019 to February 2020). The effect of the exceptional number of permit applications submitted in December 2021 is fading for collective housing or residences.

In the third quarter of 2022, housing starts are estimated to have increased (+1,4%) compared to the second quarter, where they were down (-0,6%), in CVS-CJO data. During these three months, housing starts are estimated to have been lower (-1,7%) than their average for the 12 months preceding the first confinement.

From October 2021 to September 2022, 512.400 housing units were authorized for construction, i.e. 46.600 more than during the previous 12 months (+10,0%). At the same time, it is estimated that 386.000 housing units were started, i.e. 1.700 more (+0,4%) than in the previous 12 months (October 2020 to September 2021). If we take as a point of comparison the 12 months preceding the health crisis (March 2019 to February 2020), the number of dwellings authorized and started during the last 12 months are respectively 11,5% and 0,6% higher.

Authorized accommodations

From October 2021 to September 2022, 512.400 housing units were authorized for construction, i.e. 46.000 more than during the previous 12 months (+10,0%).

Authorizations for ordinary collective housing (+18,6%) and grouped individual housing (+18,7%) experienced the strongest growth, ahead of residential housing (+14,5%). Pure individual housing is down (-5,9%).

Housing starts

Over the past twelve months, an estimated 386.000 housing units have been started, i.e. 1.700 more (+0,4%) than in the previous 12 months (October 2020 to September 2021).

Pure individual housing (+10,0%) would have experienced strong growth. On the other hand, grouped individual housing (-2,8%), ordinary collective housing (-3,7%) and residence housing (-6,6%) would have decreased.