Building Permits, Nov 2019

The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during November 2019 stood at 707. The total value of these permits reached Euros 332,4 million and the total area 222,4 thousand square metres. These building permits provide for the construction of 909 dwelling units.

During the period January � November 2019, 6.571 building permits were issued compared to 5.929 in the corresponding period of the previous year. The total value of these permits increased by 73,8% and the total area by 44,6%. ?he number of dwelling units recorded an increase of 49,6%.

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

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