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Wednesday 30th September 2020
Home Property Statistics Building permits authorised for 907 new homes

Building permits authorised for 907 new homes

THE TOTAL number of building permits authorised in Cyprus during May 2019 stood at 709 compared with the 612 authorised during May 2018; an increase of 15.8% according to official figures published by the Cyprus Statistical Service.

The total value of these permits more than doubled to reach €287.9 million and the total area rose 82% to reach 258.5 thousand square metres compared to May 2018.

These permits provided for the construction of 907 new homes, an increase of 67.7% compared to the 541 new homes in May 2018.

During May 2019, building permits were authorised for:

  • Residential buildings – 445 permits
  • Non-residential buildings – 99 permits
  • Civil engineering projects – 27 permits
  • Division of plots of land – 24 permits
  • Road construction – 17 permits

Building permits for new homes

The 445 residential building permits authorised in May 2019 provided for the construction of 907 new homes (dwellings). These comprised 310 single houses (compared with 305 in May 2018) and 597 multiple housing units including apartments, semis, townhouses and other residential complexes (compared with 236 in May 2018).

Of those 907 new homes, 307 are destined for Nicosia, 260 for Limassol , 157 for Larnaca, 137 for Paphos and 46 for Famagusta.

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

Month 2018 (Dwellings) 2019 (Dwellings) Increase/Decrease %age Change
January 476 548 72 15.1%
February
431
576 145 33.6%
March
467
615 148 31.7%
April
418
742
324
77.5%
May
541
907
366
67.7%
Totals 2,333 3,388 1,055 45.2%

Annual construction figures

During the period January – May 2019, 2,820 building permits were authorised compared to 2,596 in the same period last year.  Their total value increased by 128.2% and their total area by 53.8%. The number of new homes authorised rose by 45.2%.

The 2,820 permits issued over the period provided for the construction of 1,263 new homes in Limassol, 1,045 in Nicosia, 457 in Larnaca, 424 in Paphos and 109 in Famagusta.

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

4 COMMENTS

  1. @all, none of the properties until fully completed inspected etc etc can’t have a title deed anyway, but I think most if not all potential buyers are aware of pitfalls and will not pay up in full until their properties are completed and have a valid title deed…

    Do agree with Mendes, does beg the question why the state does not impose a law obliging developers to fully complete projects and furnish title deeds before they can sell properties, this would rule out issues of the past.

    Ed: To my way of thinking the permits authorised for the construction of properties and developments are a contract between the planning authority and the developer. If the developer fails to comply with the terms of that contract he should be sued by the planning authority if he doesn’t correct any planing infringements or fails to complete the development.

  2. @ Mendes Christine; that would be brilliant. But I fear government doesn’t care: as long as their related bills etc are paid they won’t go upsetting their mates, the Developers…

  3. Such a shame that the builders aren’t required to ensure all their previously built houses have title deeds before they can continue to build. That would certainly concentrate their efforts

Comments are closed.

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