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Reports written by David Crowther

Building permits slump 39 per cent

The decline in the island’s construction sector continued in October according to the latest figures released by the Cyprus Statistical Service with the number of building permits authorised during the month falling 39 percent.

Serious decline in construction sector continues

The decline in the island’s construction sector continued in September with the number of building permits authorised during the month falling by 30 percent compared to the same period last year.

Downward trend in building permits continues

The contraction in the Cyprus construction activity continued in August with the very difficult economic conditions discouraging new investment as reflected in the latest building permit statistics from CySTAT.

Building permits fall 15 per cent in July

Construction activity continued to decline in July with the number of building permits authorized by the municipal authorities and district administration offices falling compared with the same period last year.

New home construction plummets

Today’s figures from the Cyprus Statistical Service reveal that the number of building permits authorised in June for the construction of new homes fell sharply compared with the number authorised in June 2012.

Construction crisis deepens

The crisis in the island’s construction industry is worsening according to the figures published earlier today by the Cyprus Statistical Service, which show a continuing decline in building permits.

New home construction slips in April

The number of new homes for which building permits were issued in April fell by 20 per cent compared with the corresponding month last year according to the Cyprus Statistical Service.

New home construction down 40 per cent

Figures released by the Cyprus Statistical Service earlier today show a dramatic drop in the number of building permits authorised for the construction of new homes in March with their number falling 40 per cent compared with last year.

February building permits dip 24 per cent

Although February saw a 24 per cent dip in the number of building permits authorised compared with February 2012, the number issued for the construction of new homes increased by one fifth.

Construction in Cyprus continues decline

Figures released by the Cyprus Statistical Service (CySTAT) earlier today show that investments in the island’s construction sector are continuing to decline as the economic downturn continues

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