A total of 589 building permits authorized in July 2018

The Statistical Service has announced that the number of building permits authorized by the municipal authorities and the district administration offices in July 2018 stood at 589.

The total value of these permits reached €253,4 million and the total area 217,0 thousand square metres. These building permits provide for the construction of 632 dwelling units.

During the period January – July 2018, 3.699 building permits were issued compared with 3.362 in the corresponding period of the previous year. The total value of these permits increased by 21,5% and the total area by 25,5%. Τhe number of dwelling units recorded an increase of 23,7%.

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