The September 2021 figures show that a total of 768 permits were authorised during the month; an increase of 11.3% compared to the number authorised in September 2020. Their area rose 4.5% to 210.7 thousand square metres, while their value by 5.7% to €206.2 million.
The September permits provided for the construction of 907 new homes (dwelling units), an increase of 28.8% from the 704 new homes authorised in September last year.
The 768 permits were authorised for the following:
- Residential buildings – 517
- Non-residential buildings – 144
- Civil engineering projects – 50
- Division of plots of land – 46
- Road construction – 11
New home construction
The 570 permits issued for the construction of residential buildings provided for the construction of 907 new homes, comprising:
- Single houses – 327
- Buildings comprising two units – 70
- Residential apartment blocks – 457
- Residential/commercial apartment blocks – 53
Of those 907 new homes, 331 are destined for Nicosia, 315 for Limassol, 132 for Larnaca, 104 for Paphos, and 25 for Famagusta.
Building Permits Issued for the Construction of New Homes
(Number of Dwellings)
| Month | 2020 (Dwellings) | 2021 (Dwellings) | Increase/Decrease | %age Change |
|---|---|---|---|---|
| January | 696 | 702 | 6 | 0.9% |
| February | 680 | 663 | -17 | -2.5% |
| March | 524 | 1,033 | 509 | 97.1% |
| April | 339 | 955 | 616 | 181.7% |
| May | 956 | 1,061 | 105 | 11.0% |
| June | 976 | 998 | 22 | 2.3% |
| July | 1,141 | 874 | -267 | -23.4% |
| August |
790 | 554 | -236 | -29.9% |
| September |
704 |
907 |
203 |
28.8% |
| Totals | 6,806 | 7,747 | 941 | 13.8% |
Building permits: year to date
During the first nine months of 2021, 6,008 permits were issued compared to 5,106 in the same period last year; an increase of 17.7%. The total value of these permits fell by -4.6%, while their total area rose by 7.6%.
These permits provided for the construction of 7,747 new homes, an increase of 13.8% compared to the 6,806 new homes authorised in the same period last year.
According to the Cyprus Statistical Service “Building permits constitute a leading indicator of future activity in the construction sector.”
