5.6% increase in building permits in the first two months of 2020

331

The number of building permits issued in Cyprus in the first two months of the year increased by 5.6%, compared to the corresponding period of 2019, with the value of permits amounting to € 346 million, recording an increase of 21%.

According to the data of the Statistical Service, during the period January – February 2020, 1,129 building permits were issued compared to 1,069 in the corresponding period of the previous year.

The total value of these licenses increased by 20.9% and the total area by 10.7%, with the number of residential units showing an increase of 22.4%.

In February, the number of building permits issued by municipal authorities and provincial administrations in February 2020 reached 591, compared to 538 in January.

The total value of these licenses reached € 167.5 million and the total area was 149.7 thousand square meters. With these permits, 680 housing units are planned to be built.