Latest Headlines

Property Statistics

Property in Cyprus – Building Permits

The Cyprus Statistical Service has announced that the number of building permits authorised by the Municipal Authorities and the District Administration offices during December 2006 was 772. These permits provided for the construction of 1,258 dwelling units. During 2006, 9,794 building permits were issued of which 7,415 were for dwelling units. Historical figures for Building […]

Price Index of Construction Materials, December 2006

Figures released by the Cyprus Statistical Service show that the Price Index of Construction Materials for December 2006 reached 133.72 units (base year 2000=100.00) recording a marginal increase of 0.03% over the previous month. For the period January – December 2006, the index recorded an increase of 4.98% over the corresponding period of the previous […]

Construction Cost up 3.9%

According to the Cyprus Statistical Service (CYSTAT) data released on Friday, the Building Material Price Index in November 2006 recorded an increase of 3.9% to 133.68 points against 128.65 points in the corresponding month of 2005. The higher increase was observed in the price of electro-mechanical products (+5.1%) and the industrial products (+4.8%). Also, the […]

Construction Costs up by 5.15% in Jan-Oct 2006

According to the latest data from the Statistical Service, construction materials prices in the period January-October 2006 rose by 5.15% over the corresponding period of the previous year. The price index of construction materials for October alone reached 133.25 units (base year 2000=100.00), recording an increase of 0.65% over the previous month. The breakdown of […]

Cyprus Building Permits up 13.6% in Jan-July

Civil engineering booms, hotels out of favour. The number of building permits authorised rose by 28.3% year on year to reach 788 in June and provided for 1,745 dwelling units. For the first seven months as a whole, the number of building permits authorised rose by 13.6% compared with the same period of 2005 and […]

Cost of Construction up 3.9%

According to CYSTAT data released on Monday, the Building Material Price Index recorded an increase of 3.9% in September 2006. Specifically, the price of electromechanical and industrial products showed an increase of 4.7% and 4.5% respectively, the increase in the price of oil products fell to 4.3% and the price of timber, stones and quarry […]

Construction Output Accelerates in Quarter 2

Construction output in Cyprus accelerated in the second quarter of 2006 and also rose faster than initially estimated in the first quarter, according to the latest figures from the Statistical Service. The construction output index in the second quarter reached 138.8 units (base year 2000=100.0), recording an increase of 6.9% over the second quarter 2005. […]

Construction cost up 72.9% in 6 years

According to CYSTAT (the Cyprus Statistical Service) data released on Thursday, the construction cost in Cyprus soared 72.9% in the past 6 years. In the second quarter of 2006, the producer price index stood at 171.2 points against 99 points in the corresponding period of 2000. Compared with the second quarter of 2005, the producer […]

Back to top