An increase of 52.6% was recorded in the total amount of building permits in the period January – November 2017, while the total area of the permits issued increased by 45.1%.
According to figures released by the Cyprus Statistical Office on Tuesday, the number of residential units increased by 41.9%.
During the period January – November 2017, a total of 5,291 building permits were issued compared to 4,900 in the corresponding period of the previous year.
The number of building permits authorized by the municipal authorities and the district administration offices during November 2017 stood at 474. The total value of these permits reached €308.7 million and the total area 225.7 thousand square metres. These building permits provide for the construction of 658 dwelling units.
In the corresponding month of 2016 the number of building permits was 550. The total value of these permits reached €113.49 million the total area 100.3 thousand square meters for the construction of 341 dwelling units.