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Building permits in Cyprus up 28% in first two months

Staff Writer |
Building permits in Cyprus rose 28 percent year-on-year in the first two months of the year in terms of area, to 232,814 square meters, and 23 percent in terms of value, to €247.5m, the statistical service said.

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The increase was on demand for new housing units with the number of building permits rising 28 per in terms of construction area, to 207,787 square meters, in January to February compared to the respective two-month period last year, Cystat said in a statement on its website on Monday.

The value of the housing projects which secured a permit from local authorities rose 35 percent, to €213.2m.

The number of housing projects that got a building permit rose an annual 13 percent, to 691 and include 445 detached houses, up 24 percent, 144 semi-detached houses, up 5.9 percent, and 282 residential blocks, up 7.6 percent, Cystat said.

Building permits for non-housing projects fell 38 percent in January to February, to 24,693 square meters in terms of construction area, and 11 percent in terms of value, to €24m compared to a year before, Cystat said.

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