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REAL ESTATE

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Building Permits Rise by 8.6% in the First Two Months of 2019

Building Permits Rise by 8.6% in the First Two Months of 2019

Building permits issued by the municipal authorities and the district administration offices in the first two months of 2019 reached 1,069 making an increase of 8.6% compared with the respective period of 2018, according to data released by the Cyprus Statistical Service (Cystat).
 
The permits’ total value amounted to €282.6 million in January – February 2019, registering an increase of 15.6% compared with the corresponding period of last year.
 
The total area rose by 22.4% reaching 284,930 square metres while dwellings increased by 23.9% year on year.
 
In February building permits declined to 525 from 544 during the previous month.

However total value reached to 168.4 million from €117 million in January while total area amounted to 177.914 square metres from 107.106 in January.
 
Τhe number of dwelling units rose to in February from 548 in the previous month, Cystat added.

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