Cyprus Mail
News in Brief

Building permits down

The number of building permits authorised by municipal authorities and district administrations stood at 508 during April this year, the statistical services, Cystat said on Wednesday.

The total value of these permits reached €87.9 million and a total area 85,800 square metres. The building permits provide for the construction of 297 dwelling units.

During the period January–April 2013, 1,905 building permits were issued, registering a decrease of 23.7 per cent compared to the corresponding period of the previous year.

The total value of these permits decreased by 7.7 per cent and the total area by 14.4 per cent. Τhe number of dwelling units recorded a decrease of 9.6 per cent.

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

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