Building permits increase in number and value in January – April 2017

An increase of 8.4% was recorded in the number of building permits issued in the first four months of 2017 compared to the corresponding period of the previous year.

According to the Statistical Service of Cyprus, during the period January � April 2017, a total of 1.861 building permits were issued compared to 1.716 in the corresponding period of the previous year. The total value of these permits increased by 36.0% and the total area by 38.1%. ?he number of dwelling units recorded an increase of 37.9%.

The number of building permits authorized by the municipal authorities and the district administration offices during April 2017 stood at 410, compared to 542 in March 2017, down by 24.3%.

The total value of these permits reached Euros 89.7 million and the total area 87.6 thousand square metres. These building permits provide for the construction of 289 dwelling units.

Source: Cyprus News Agency