Cyprus Mail
Business

Value of building permits doubles

The value of building permits issued in the first half of the year more than doubled compared to the first six months of 2018, according to data released Tuesday by the Cyprus Statistical Service.

During the period January to June 2019, a total of 3,393 building permits were issued compared to 3,110 in the corresponding period of the previous year.

At the same time, the total value of these permits increased by 115.9 per cent, coming to €1.7 billion compared to €788.7 million in the first half of 2018.

In June 2019 alone, the number of building permits authorised by municipal authorities and district administration offices came to 573.

The total value of these permits reached €208.7 million and the total area 189,100 square metres. The permits provide for the construction of 812 housing units.

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

Related Posts

Amazon’s trucking ambitions bump up against driver shortage, competition

Reuters News Service

EU seeks to deter economic coercion with new trade defence

Reuters News Service

COP26 drives record $2 bln inflows into UK-based ESG funds in November

Reuters News Service

Cyprus Shipping Deputy Minister addresses IMO Assembly in London

Source: Cyprus News Agency

Visa launches crypto advisory service for financial institutions, merchants

Reuters News Service

EU plan for anti-coercion trade measure faces scepticism

Reuters News Service