Building permits rise by 14% in the first two months of 2017

Building permits in Cyprus rose by 14% in the first two months of 2017, reflecting the increased activity in the constructions sector, the Statistical Service said on Friday.

Building permits, authorized by the municipal authorities and the district administration offices in the period of January � February of 2017 reached 909 compared with 794 in the respective period of 2016.

The total value of this permits amounted to Euros 182.5 million, marking an increase of 31% over the corresponding period of 2016, while total area increased by 27.5%.

For February, authorised permits reached 444, with total value amounting to Euros 92.4 million and the total area 94,1 thousand square meters.

These building permits provide for the construction of 383 dwelling units.

Source: Cyprus News Agency