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Property Statistics

Gloomy Cyprus property figures and economic outlook

THE number of building permits issued for the construction of property in Cyprus continues to decline, reinforcing the IMFs gloomy economic outlook for the island. According to the Cyprus Statistical Service, CYSTAT, the number of permits authorised during January 2008 stood at 687 compared to 738 in January 2007. These building permits provide for the […]

Cyprus property price index reaches 173.6

FIGURES just released by CySTAT indicate that the price index of new properties in Cyprus has reached 173.6. Cyprus Statistical Service’s (CySTAT) quarterly index measures the changes in unit prices charged to clients for the construction of buildings. It includes the costs of materials used in the construction of property, labour, energy, transport, etc, as […]

Cyprus property output slows

ACCORDING to Eurostat data released on 12th March, construction output in Cyprus has slowed, boosting estimates that the island’s economy will grow slower in 2008. Specifically, construction output in the fourth quarter of 2007 grew by 3% compared to 9% in the third quarter of 2007, 7.5% in the second quarter of 2007 and 4.2% […]

Building permits top 20,000

Earlier today, the Cyprus Statistical Service (CySTAT) announced that during 2007, the number of dwelling units for which building permits had been authorised topped 20,000 for the first time ever, reaching a staggering 20,486. Although the numbers were slightly down for Nicosia and Paphos, they were up for Limassol, Larnaca – and most notably Famagusta, […]

Cyprus property numbers and costs

The Statistical Service of Cyprus (CySTAT) produces various figures concerning the Cyprus property market. They publish a Construction and Housing statistics report for 2005, and I’ve used this information to construct the chart below. This shows the number of properties completed in each year together with the cost (not price) of construction per square metre […]

Cyprus property statistics: building permits to Oct 2007

The Cyprus Statistical Service (CySTAT) has announced that the number of building permits authorised by the Municipal Authorities and the District Administration offices during October 2007 stood at 797. The total value of these permits reached CYP 144.4 million and the total area 318.1 thousand square metres. These building permits provide for the construction of […]

Cyprus national economic accounts 2007 – provisional estimates

The Cyprus Statistical Service has released its report “National Economic Accounts 2007 (Provisional Estimates)”. A summary of the report follows; the full version is available from the Statistical Service’s website. Main Economic Developments in 2007 The Cyprus economy continued its expansion through the year 2007 at a higher pace, in comparison with the previous year. […]

Famagusta leads the Cyprus property market

FAMAGUSTA (Ammochostos) in eastern Cyprus is the leader in terms of real estate growth according to our analysis of the latest figures on building permits issued by the Cyprus Statistical Service (Cystat). Cut off from the town which now lies in the occupied area of Cyprus, the region of “Free Famagusta” (Ammochostos) has tended be […]

Cyprus Building Permit Statistics: April 2007

Figures just released by the Cyprus Statistical Service show that the number of building permits authorized by the municipal authorities and the District Administration offices during April 2007 stood at 749. The total value of these permits reached CYP 139.5 million and the total area 324.5 thousand square metres. These building permits provide for the […]

Cyprus Building Permit Statistics: March 2007

Figures just released by the Cyprus Statistical Service show that the number of building permits authorized by the municipal authorities and the District Administration offices during March 2007 stood at 986. The total value of these permits reached CYP 170.8 million and the total area 389.0 thousand square metres. These building permits provide for the […]

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