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.