Moody’s: sustained demand for building permits will help banks

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Moody’s: sustained demand for building permits...
 © CyprusMail 2017
A sustained increase in demand in building permits will help Cypriot banks improve their asset quality in the real estate sector, rating agency Moody’s said, as building permits in Cyprus reached a new high since the 2013 banking crisis.

The island’s statistical service said the number of building permits issued in the country during the first four months of 2017 reached their highest level since the crisis.

According to Moody’s, during the first four months of 2017, 1,861 building permits were issued, up 8 per cent year-on-year. The rise is the result of a 38 per cent increase in building...


Moody’s: sustained demand for building permits will help banks


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