Building permits up by 11%

The number of building permits issued by municipal and regional authorities increased by about 11% during the period January-November 2019, compared to the year before.

The value of the permits increased by 74% and amounted to a total of €3.3 billion, the government’s statistics branch announced on Wednesday.

Limassol took the lion’s share of the increased value of building permits, with 54% – amounting to €1.8 billion. Nicosia’s permits were valued at €623 million.

From January to November 2019 authorities issued 6,571 permits, compared to 5,929 the year before. The number of residential building permits increased by 49.6%.

Most permits were issued in Nicosia with 2334, followed by Limassol at 1961, Larnaca at 1020 and Paphos with 974.

Source: Cyprus Mail