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Building permits showed an increase in area and value in 2023

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The number of building permits issued by municipal authorities and provincial administrations in December 2023 reached 587

Αyξηση στο εμβαδν κ&alpha ;ι στην αξΙα παρουσΙασαν οι ; οικοδομorς το 2023

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Building permits increased both in area by 4.3% and in value by 16.4% in 2023.

According to the Statistical Service, the number of building permits issued by municipal authorities and provincial administrations in December 2023 amounted to 587. The total value of these licenses reached €242.2 million and the total area 203.4 thousand square meters. With these permits, it is planned to erect 942 residential units.

During the period January – December 2023, 7,170 building permits were issued compared to 7,604 in the corresponding period of the previous year, marking a decrease of 5.7%.

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The total value of these licenses increased by 16.4% and the total area by 4.3%. The number of residential units showed an increase of 12.2%.

Building permits are an important indicator of future activity in the construction sector, reports the Statistical Service.

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Source: www.kathimerini.com.cy

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