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All reports tagged with: "construction"

Larnaca, Paphos and Limassol marinas delayed

ACCORDING to reports in the local press work on three new marinas in Cyprus has been delayed. The marinas affected are in Larnaca, Paphos and Limassol. In July it was announced that the contract for the Larnaca marina had been awarded to the Zenon Consortium. Following this announcement objections were raised by the unsuccessful bidders […]

20,000 Cyprus property industry workers face job losses

THE president of the Cyprus Construction Association, Sotos Lois, has said that 20,000 workers in the property industry may lose their jobs. Sotos Lois warned that if forecasts of a 40% drop in construction sector activity prove to be true, lay-offs could not be avoided. At a press conference today, he noted that sackings in […]

Planning: amnesty & development proposals

WE understand that a bill concerning an amnesty for property owners who have committed urban planning violations will be submitted to the Cyprus Parliament before the end of the year. Speaking to Parliament, Interior MInister Neoclis Silikiotis said: “It’s not an issue of urban amnesty only, but it is about mortgages to banks or other […]

Building permits fall for eleventh month in a row

ACCORDING to the Cyprus Statistical Service (CYSTAT), the number of building permits issued in August has fallen for the eleventh month in a row. CYSTAT figures reveal that the number of building permits authorised during August 2008 stood at 504, compared with 558 in August 2007. These building permits provided for the construction of 931 […]

EU calls for halt to sales of Greek Cypriot property in the north

In Resolution 1628, the Parliamentary Assembly Council of Europe (PACE) has called on the authorities of the Turkish Cypriot community to “put an end to the sales of, and construction on, Greek Cypriot properties in the northern part of Cyprus“. PACE also called on the Turkish Cypriot community to: “confirm their commitment to reunifying Cyprus, […]

Cyprus Building Permits June 2008

THE Cyprus Statistical Service (CySTAT) has just released the building permit figures for June 2008. During the month 779 were issued, compared with 848 during June 2007. The total value of these permits was €244.7 million and their total area 312.8 thousand square metres. They provided for the construction of 1,659 dwelling units. During the […]

Can I stop being deafened by building work

EARLIER this year my wife and I took delivery of a property in a large development near Paphos. Since we moved in we are constantly being deafened by the noise of building work going on all around us. The builders start arriving on site at around 06:45 and are so noisy talking to each other, […]

Construction continues to weaken

ACCORDING to figures just released by the Cyprus Statistical Service, CYSTAT, output in the property construction sector continues to weaken with the number of building permits issued during May 2008 standing at 732. The total value of these permits reached €235.8 million and the total area 293.2 thousand square metres; they provide for the construction […]

Larnaca marina coming soon

According to the Cyprus’ Press and Information office, the construction of the Larnaca marina and port will be undertaken by the Zenon Consortium. The development project is expected to start by the end of 2009, with the marina being finished within two years; it will take between six and seven years for the construction of […]

Property construction continues slowdown

ACCORDING to figures just released by the Cyprus Statistical Service, CYSTAT, output in the property construction sector continues to slowdown. The number of building permits issued during the first four months of 2008 fell to 2,788 – a reduction of 15.2% over the same period last year when 3,286 were issued. Although the number of […]

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