Building permits up 8.5% annually in first five months of this year

07:30 - 08 August 2024

Real Estate Reporter

Building permits issued during the period January-May 2024 went up by 8.5%, according to data published by CySTAT.

According to the data, 3,254 building permits were issued compared to 2,998 in the corresponding period of the previous year.

The total value of these permits increased by 8.4% and the total area by 13.4%. The number of housing units recorded an increase of 17.1%.

In May, CySTAT notes that the number of building permits authorised by the municipal authorities and the district administration offices stood at 709.

The total value of these permits reached €271.6 million and the total area 213.8 thousand square metres. These building permits provide for the construction of 990 housing units.

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

(Source: CNA)

Bank of Cyprus shareholders say yes to Athens Stock Exchange listing, London delisting

FIBA EuroBasket trophy in Cyprus on 21 November

Takis Arapoglou: The four "pluses" from the reintroduction of Bank of Cyprus to the Athens Stock Exchange

New residence permits in the EU increased in 2023 with 34,000 issued by Cyprus

Acclaimed chef Florian Berger coming to Cap St Georges Hotel & Resort

The Games Fund leads $2.5M Seed Round for France-based Drama Studios

Cyprus Shipping Chamber: CSC “Adopt a Ship" Programme Ready for the New School Year

Bank of Cyprus shareholders to decide on move from London to Athens stock exchange

Elias Neocleous & Co LLC achieves Tier 1 status in IFLR1000 2024

US and Cyprus deepen defence cooperation during Third Security Dialogue

Building permits up 8.5% annually in first five months of this year

News Feed

Read More