Building Permits, Dec 2019

The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during December 2019 stood at 647. The total value of these permits reached €431,4 million and the total area 292,3 thousand square metres. These building permits provide for the construction of 1.107 dwelling units.

During the period January – December 2019, 7.218 building permits were issued compared to 6.408 in the corresponding period of the previous year. The total value of these permits increased by 81,4% and the total area by 49,8%. ?he number of dwelling units recorded an increase of 55,2%.

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

Source: Republic of Cyprus, Ministry of Finance, Statistical Service