Building permits shoot up by 14.7 pct in June

EconomyMacroeconomy Tags: Construction, ELSTAT
Photo by MacroPolis
Photo by MacroPolis

Greek building permits rose for the fifth straight month in June, when there was an increase of 14.7 percent compared to the modest growth of 1.9 percent recorded in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.

Initial forecasts were calling from a further drop in residential prices by 3.7 percent in 2015 and 1.2 percent in 2016. However, the significant deterioration of the Greek economy with a recession of 2.3 and 1.3 percent now officially estimated for 201...

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