Bahamian Construction Permits Increase in 2025, Residential Sector Leads Growth
1 report, 1 independent
Updated Sep 21
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What happened
The Bahamas National Statistical Institute released its Building Construction Statistics Report, showing that 1,801 construction permits were issued across The Bahamas in 2025, an increase of 210 permits compared to 2024 (1,591 permits). The report noted that the commercial/industrial sector saw a significant value increase of $500 million, while the private/residential sector saw its total value increase by approximately $103 million.
Why it matters
The growth in permits across both residential and commercial sectors indicates activity in the construction industry. The Bahamian Contractors Association noted that residential construction is outpacing commercial construction, despite challenges related to lending institutions.