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In Latvia, the construction sector is again actively sliding into crisis.

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BALTNEWS · · Source

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In Latvia, the construction sector is again actively sliding into crisis.

The number of permits for the construction of new residential buildings, industrial plants and warehouses has decreased sharply in Israel.

According to data from the Central Bureau of Statistics, 2,465 building permits were granted in the country in the first nine months of 2026, a 30.2% decrease compared to the same period last year.

A particularly noticeable decrease of 36.4% is observed in the construction of private houses, and their total area also decreases.

In the industrial sector, only 91 permits were granted for new industrial buildings and warehouses with a total area of ​​204 thousand square meters. m - 40.5% less. Another 173 permits refer to the construction, renovation, reconstruction and restoration of such facilities, their number decreased by 24.8%.

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