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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 first six months of 2008, 4,299 building permits were issued; a decrease of 14.5% compared to the first six months of 2007. Their total value decreased by 6.8% and their total area by 8.7%. During the six month period, building permits were issued for the construction of 9,437 dwelling units compared to 10,498 during the same period last year; a decrease of 10.1%.

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