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Ministry of Finance, Statistical Service



11/08/2020
Latest Figures: Building Permits, May 2020

The Statistical Service announces that in May 2020, the month during which COVID-19 containment measures started to be gradually lifted in Cyprus, the number of building permits authorized by the municipal authorities and the district administration offices stood at 708. The total value of these permits reached €274,3 million and the total area 200,9 thousand square metres. These building permits provide for the construction of 956 dwelling units.

During the period January – May 2020, 2.429 building permits were issued compared to 2.820 in the corresponding period of the previous year. The total value of these permits decreased by 43,7% and the total area by 25,4%. Τhe number of dwelling units recorded a decrease of 5,7%.

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


RELATED DATA

BUILDING PERMITS BY TYPE OF PROJECT

BUILDING PERMITS BY TYPE OF PROJECT (Comparative Data)

BUILDING PERMITS BY DISTRICT AND AREA










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