Building permits hit 41% rise in new homes in January to May

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Building permits hit 41% rise in new homes in...
 © BusinessMail 2017
By Stelios Orphanides

The number of new housing units which received a building permit between January and May rose 41 per cent to 1,889 compared with the respective period last year, the statistical service said.

The construction area of the housing units which received the go-ahead from municipal authorities in the first five months of the year rose an annual 39 per cent to 414,915 square metres, Cystat said in a statement on its website on Wednesday. Their value rose 38 per cent to €399m.

The number of detached houses rose an annual 19 per cent to 938 in the first five...


Building permits hit 41% rise in new homes in January to May


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