Millions behind the towers, in 2 years over 600 million euros worth of permits granted in Tirana

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The value of construction permits granted in Tirana during 2020 and 2021 amounts to around 800 million euros.

327 million euros is the value of those granted in 2020 and about 470 million euros of permits was granted in 2021.

600 million euros is the estimated amount of investment for multi-story buildings, both for housing and hotels, shopping centers or other business activities.

In total, the Municipality of Tirana has granted 201 construction permits during 2020 and 218 permits during 2021. The number of permits has little difference, but what is different is the total surface area for construction.

In 2020, the area was about 1 million and 120 thousand square meters, while in 2021 it exceeded 1 million and 650 thousand. The difference of 530 thousand square meters more construction in 2021 than in 2020 suggests that in 2021 the number of permits for high-rise towers was higher.

According to a report by Co-Plan, the Municipality of Tirana collected only from the infrastructure impact tax about 51 million euros in 2020. In 2021, the figure is estimated at about 65-70 million euros. In total, the receipts from this tax are for both years about 120 million euros.

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