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Thursday 1st October 2020
Home Property Statistics Building permits October 2015

Building permits October 2015

Cyprus: building permits October 2015THE NUMBER of building permits authorised during October 2015 stood at 467 compared with the 466 authorised in October 2014; an increase of 0.2%, according to the latest figures from the Cyprus Statistical Service.

Compared with October 2014, the total area of these permits rose 9.6% to 76,820 square metres from 70,071, while their value rose 10.5% to €81.8 million from €74.1 million.

During October 2015, building permits were issued for:

  • Residential buildings – 324 permits
  • Non-residential buildings – 89 permits
  • Civil engineering projects – 11 permits
  • Division of plots of land – 39 permits
  • Road construction – 4 permits

During the first ten months of 2015 the number of building permits authorised for both residential and non-residential projects has fallen by 0.5% to 4,160 compared with the 4,180 authorised in the first ten months of 2014, while their value has risen by 18.3% to €846.0 million and their area has increased by 14.2% to 735.2 thousand square metres.

Building permits – new home construction

The 324 residential permits approved in October provided for the construction of 290 new dwellings comprising 158 single dwellings and 132 multiple dwelling units (such as apartments, semis, townhouses and other residential complexes).

This is an increase of 7.0% compared with October 2014 when building permits were issued for the construction of 271 new dwellings.

Building Permits Issued for the Construction of
New Homes (Number of Dwellings)

Month 2014
(Dwellings)
2015
(Dwellings)
Increase/
Decrease
%age
Change
January 175 204 29 16.6%
February 229 384 155 67.7%
March 193 297 104 53.9%
April 254 147 -107 -42.1%
May 223 276 53 23.8%
June 277 239 -38 -13.7%
July 196 337 141 71.9%
August 227 199 -28 -12.3%
September 308 314 6 1.9%
October 271 290 19 7.0%
Total 2,353 2,687 334 14.2%

According to the Cyprus Statistical Service, building permits constitute a leading indicator of future activity in the construction sector.

CYPRUS WEATHER FORECAST

EURO EXCHANGE RATES

EUR - Euro Member Countries
GBP
1.1016
RUB
0.0109
CNY
0.1254
CHF
0.9255

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