Building permits declined 15.5% in October

1 week ago Financial Mirror FinancialMirror Cool

Building permits declined 15.5% in October

Construction activity declined in October with approved building permits dropping 15.5% to 583 from 690 in the previous month of 2020, although Nicosia and Famagusta districts made gains.

According to official data published on Wednesday, the value of building permits rose to €279.3 mln in October from €201.6 mln in the previous month.

The total area covered was 239,300 square metres to build 903 homes from 201,600 square metres in September.

The rise in both the value and total area attributed to more large projects for which permits were...

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Building permits declined 15.5% in October

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