Building permits fall in value and area

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Building permits fall in value and area
 © CyprusPropertyNews 2022
The October 2021 figures show that a total of 663 building permits were authorised during the month; an increase of 13.7% compared to the number authorised in October 2020. However, their total value fell by 33.4% to 173.7 thousand square metres and their total area fell by 27.4% to €186.0 million compared to the corresponding month in 2020.

The October permits provided for the construction of 801 new homes (dwelling units), a fall of 11.3% from the 903 new homes authorised in October last year.

The 663 permits were authorised for the following:

Residential buildings – 463


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Article automatically added to our system on Monday, January 24, 2022

Building permits fall in value and area

Contents of this article including associated images are © CyprusPropertyNews 2022
Views & opinions expressed are those of the author and/or CyprusPropertyNews .

Article Tags: #building   #permits   #value  

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