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Chinese investors boost construction sector

Purchases by Chinese investors in Cyprus property have contributed to the recovery of the island’s construction sector according to the president of Cyprus Association of Valuers and Property Consultants.

More new homes in December

The number of new homes in Cyprus for which building permits have been issued increased by 55.7 per cent in December 2016 compared to the same period in the previous year according to the Cyprus Statistical Service.

October building permits down 4 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during October 2016 stood at 449 according to the Cyprus Statistical Service.

September building permits up 15 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during September 2016 stood at 467 according to the Cyprus Statistical Service.

Strong growth in building permits

The number of building permits authorised by the municipal authorities and the district administration offices during August 2016 stood at 381 according to the Cyprus Statistical Service.

July building permits fall

The number of building permits authorised by the municipal authorities and the district administration offices during July 2016 stood at 442 according to the Cyprus Statistical Service.

Banks highly exposed to construction sector

The Cyprus Central Bank reports that banks are highly exposed to the construction sector in its “Household and Non-Financial Corporations Indebtedness Report” published earlier this week.

April building permits up 30 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during April 2016 stood at 437 according to the Cyprus Statistical Service.

March building permits up 5 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during March 2016 stood at 485 according to the Cyprus Statistical Service.

Building permits July 2015

The number of building permits authorised in July 2015 increased compared to the number authorised during the same period last year, while their total area and value also increased.

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