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45.8% annual increase in the total value of building permits in January

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The total area provided for in the permits issued is also increased by 28.5%, compared to last year

Ετorσια αyξηση 45.8% στη &sigma ;υνολικor αξiα αδειoν οικοδομorς το ν Ιανουαριο

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Increased by 45.8% is the total value of building permits issued in January 2023 compared to January 2022, according to data published by the Statistical Service on Friday. The total area provided for in the permits issued is also up by 28.5%, compared to last year.

Specifically, the number of building permits issued by municipal authorities and provincial administrations in January 2023 amounted to 590, of which 412 concern residential buildings. The total value of these licenses reached €241.3 million and the total area 203.1 thousand square meters. Compared to the corresponding month of the previous year, the number of building permits issued increased by 10.3%.

With these permits, it is planned to erect 938 residential units. The number of residential units showed an increase of 46.6%.

Of the 938 residential units, 216 are detached houses, 60 are semi-detached houses, 620 are residential apartment buildings and the remaining 42 are mixed apartment buildings.

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Building permits are an important indicator of future activity in the construction sector.

Source: www.kathimerini.com.cy

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