Cyprus Mail

Building permits record annual increase in January

Building permits, authorized by the municipal authorities and the district administration offices, were slightly up in January, the Statistical Service of Cyprus has announced.

It said that building permits stood at 404 compared to 396 in the same month of the previous year.

Their total value reached €75,5 million and the total area 80,4 thousand square metres, compared to €78,6 million and 65,6 thousand square metres in January 2014.

These building permits provide for the construction of 204 dwelling units compared to 175 in January 2014.

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


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