Few new apartments approved in the 2nd quarter
In the second quarter of 2024, the Office of Building Construction and Spatial Planning issued 93 building permits with planned construction costs totaling CHF 28.3 million. Compared to the average for the comparative period, which covers the previous three years or 12 quarters, the number of permits and the planned construction costs fell sharply. The number of projects was 57% below the average for the comparative period, while the planned construction costs were 78% below the average for the comparative period.
Planned investments fell by CHF 21.5 million to CHF 28.3 million in the quarter under review compared to the first quarter of 2024. In the areas of infrastructure (-97%), industry and services (-71%), planned construction costs were significantly below the average for the comparative period of the last 12 quarters. In the 2nd quarter, there were no investment intentions in the agriculture and forestry sector. In the residential sector, planned construction costs were 77% below the average for the comparative period. Construction activity