10% growth in investment in residential building expected in 2013
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«Latest data show that investment in residential building posted a robust growth rate of 26.9% in the first quarter of 2013, and it is expected that growth in this segment will hover around 10% in 2013. At the end of the first quarter, the volume of residential building permits increased to 1,724 compared to 1,367 a year earlier. According to the Housing Survey conducted by Statistics Mauritius in 2011, the housing stock grew by 19.9% from 297,700 to 356,900 housing units over the past decade, with the number of private households increasing by 14.5% from 297,900 in 2000 to 341,000 in 2011.»
(Yandraduth Googoolye, First Deputy Governor, Bank of Mauritius)
