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REAL ESTATE

brought to you by Deloitte

743 Building Permits Authorised in July 2019

743 Building Permits Authorised in July 2019

The Statistical Service has announced that the number of building permits authorized by the municipal authorities and the district administration offices during July 2019 stood at 743. The total value of these permits reached €295.4 million and the total area 236.8 thousand square metres. These building permits provide for the construction of 1.028 dwelling units.

During the period January – July 2019, 4,136 building permits were issued compared to 3,699 in the corresponding period of the previous year. The total value of these permits increased by 91.8% and the total area by 42.5%. Τhe number of dwelling units recorded an increase of 50.6%.

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

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