Value of building permits increase 38.1%

Βuilding permits issued during the period January – October 2018 by the municipal authorities and the district administration offices reached 5,332 compared to 4,817 in the corresponding period of the previous year, the Statistical Service of Cyprus announced Tuesday.

The total value of these permits increased by 38.1% and the total area by 2%. Τhe number of dwelling units recorded an increase of 29.3%.
The number of building permits authorized by the municipal authorities and the district administration offices during October 2018 stood at 630, compared to 588 in September 2018.

The total value of these permits reached €188 million and the total area 160.5 thousand square metres. These building permits provide for the construction of 617 dwelling units.