THE Cyprus Statistical Service (CYSTAT) has announced that the number of building permits authorized by the Municipal Authorities and the District Administration Offices during July 2010 was 763, comprising:
- Residential buildings – 546 permits
- Non-residential buildings – 115 permits
- Civil engineering projects – 33 permits
- Road construction – 7 permits
- Division of plots of land – 62 permits
Focusing on the 546 permits issued for the construction of residential buildings, these were approved for 1,028 dwelling units – 454 single houses and 574 multiple housing units such as apartments and other residential complexes. Compared to the July 2009 total of 1,161 dwelling units, this represents a fall of 11.5%.
Between January and July 2010 building permits were issued for the construction of 6,492 residential properties. Compared to the same period last year, when permits were issued for the construction of 7,110 residential units; a fall of 8.7%.
According to the Cyprus Statistical Service, building permits constitute a leading indicator of future activity in the construction sector.