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Building permits August

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

Building permits slump

Uncertainty in the Cyprus construction industry continues with the awaited signing of the island’s bailout agreement with international lenders and an indefinite strike by construction workers.

Cyprus new homes down fifty percent

Home construction in Cyprus is showing no signs of a recovery with the number of new residential properties authorised in March falling by more than half those authorised in March 2011.

New home construction in February down a third

There are still no signs of a recovery in the Island’s construction sector with the number of new residential properties authorised in February falling by a third compared with February 2011.

Forty percent fall in residential buildings

The number of new houses authorised in January fell by forty percent compared with January 2011 and the number of new residential properties being built is unlikely to increase until the number of unsold apartments and houses is reduced.

Construction investments continue downward trend

More bad news from the Cyprus Statistical Service emerged today as the number of building permits approved sank further in July as investments in the Island’s real estate continued their downward trend.

Investments in construction at lowest level in years

Investments in the Cyprus construction sector remain at their lowest level in years, with no signs of a recovery on the horizon according to the latest figures from the Island’s statistical service.

Construction activity showing no signs of recovery

The latest figures from the Cyprus Statistical Service offer no encouraging signs of an upturn in the Island’s property and construction sectors as the number of building permits issued continues to fall.

Building permits fell in April as construction slowed

Latest figures from the Statistical Service confirm that Cyprus’ construction industry is continuing to struggle with the number of building permits issued in April falling 16.2 percent compared with April last year.

Slowdown in construction sector continues

Latest figures from the Statistical Service confirm that the slowdown in the Island’s construction sector continues with the number of building permits issued in March falling by 23.4 percent compared with March last year.

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