Cyprus' leading on-line resource for home buyers & real estate investors -

19th March 2024
Cyprus Property News logo
HomeNewsResidential property construction slows

Residential property construction slows

THE STATISTICAL Service announces that the number of building permits authorized by the Municipal Authorities and the District Administration Offices during May 2009 stood at 830.

The total value of these permits reached €225.5 million and the total area 254.8 thousand square metres. These building permits provide for the construction of 1,191 dwelling units.

During the period January – May 2009, 3,697 building permits were issued; an increase of  5.0% compared to the corresponding period last year. The total value of these permits decreased by 1.1% and their total area decreased by 9.5%.

The number of residential properties for which building permits have been issued fell back by 30.6% compared to May last year, following a 24.5% reduction in April.

Number of residential properties for which permits have been issued
Number of residential properties for which permits have been issued

Compared to last year, the total number of residential properties for which building permits have been issued has fallen by 10.1%.

RELATED ARTICLES

Top Stories

Sign up to receive our free newsletter

We handle your data responsibly, find more about our privacy policy

Cyprus property transfer fees

Elsewhere in Cyprus Property News

EUR - Euro Member Countries
GBP
1.1684
RUB
0.0101
CNY
0.1285
CHF
1.0436

Property capital gains tax (CGT) calculator