articles | 08 August 2014

Building permits down by 8,2% in first five months of 2014

The number of building permits dropped by 8,2% from January to May, 2014, compared to the corresponding period in 2013, the Cyprus' Statistical Service said recently.

In particular it was announced that during the period January – May 2014, 2.097 building permits were issued, the total value of which decreased by 38,0% and the total area by 37,5%. 

The number of dwelling units recorded a decrease of 48,8%. 

The Statistical Service also announced that the number of building permits authorized by the municipal authorities and the district administration offices last May stood at 460. 

It said the total value of these permits, which provide for the construction of 223 dwelling units, reached €62,5 million and the total area 66,8 thousand square metres. 

Building permits constitute a leading indicator of future activity in the construction sector.

Source: Financial Mirror

Cooperation Partners
  • Logo for Association of Cyprus Banks
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Cyprus International Businesses Association
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Shipping Chamber
  • Logo for CYFA Cyprus
  • Logo for Invest Cyprus
  • Logo for Cyprus Investment Funds Association
  • Logo for Cyprus Chamber of Commerce and Industry