Building permits increase by 4.6% first half of 2016

The number of building permits in Cyprus for the period of January – June 2016 rose by 4.6% to 2,611 compared with 2.495 in the same period of 2015.

However, according to the Cyprus Statistical Service, the total value and total area of the permits issued by the municipal authorities and the district administration offices marked a reduction of 4.4% and 0.6% respectively.

Total value of the permits issued in the fist half of 2016 amounted to Euros 490,1 million compared with Euros 521 million in the same period of 2015, whereas total area was 455,352 square metres compared with 458,050 in January August 2015.

The number of building permits in June reached 455, compared with 440 in May. The total value of these permits reached Euros 89,5 million and the total area 91,4 thousand square metres. These building permits provide for the construction of 287 dwelling …

Source: Cyprus News Agency