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All reports tagged with: "construction sector"

Strong growth in construction continues

The strong growth in the Cyprus construction sector continued in November with building permits authorised for the construction of 909 new homes according to official statistics from the Cyprus Statistical Service.

Permits authorised for 744 new homes

Building permits authorised in Cyprus during October 2019 provided for the construction of 744 new homes, compared with 617 in October 2018 according to official figures published by the Statistical Service.

Smaller rise in new home building permits

Building permits authorised in Cyprus during August 2019 provided for the construction of 525 new homes, compared with 453 in August 2018 according to official figures published by the Cyprus Statistical Service.

New homes building permits on the rise

Building permits authorised in Cyprus during July 2019 provided for the construction of 1,028 new homes, compared with 632 in July 2018 according to official figures published by the Cyprus Statistical Service.

Non-performing loans highest in Europe

Non-performing loans (NPLs) in the Cypriot construction and real estate sectors are amongst the highest in Europe with construction NPLs standing at 75 per cent and real estate NPLs standing at 39 per cent at the end of March.

Cyprus building more new homes

The number of new homes in Cyprus for which building permits have been issued rose by 34.6 per cent in March 2017 compared to the same period in the previous year according to the Cyprus Statistical Service.

Optimism in the construction sector

The future of the island’s construction sector is optimistic, but repeating the illegal and short-sighted practices of the past will have extremely negative consequences on everyone.

More new homes under construction

The number of new homes in Cyprus for which building permits have been issued rose by 22.8 per cent in February 2017 compared to the same period in the previous year according to the Cyprus Statistical Service.

Chinese investors boost construction sector

Purchases by Chinese investors in Cyprus property have contributed to the recovery of the island’s construction sector according to the president of Cyprus Association of Valuers and Property Consultants.

More new homes in December

The number of new homes in Cyprus for which building permits have been issued increased by 55.7 per cent in December 2016 compared to the same period in the previous year according to the Cyprus Statistical Service.

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