Building Permits Increase Significantly in 2018
- DATE: Nov 12, 2018
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- CATEGORY: MARKET TRENDS
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- AUTHOR: Elena Economou
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Building permits authorized by the municipal authorities and the district administration offices increase by 342 during the period January – August 2018, according to data released by the Statistical Service of Cyprus.
During the period January – August 2018, 4,114 building permits were issued compared to 3,772 in the corresponding period of the previous year. The total value of these permits increased by 46.8% and the total area by 30.3%. Τhe number of dwelling units recorded an increase of 28.6%.
The number of building permits authorized during August 2018 stood at 415. The total value of these permits reached €349.7 million and the total area 148 thousand square metres. These building permits provide for the construction of 453 dwelling units.
Source: Gold News
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