Setting up permits rise in variety, worth and place


The range of constructing permits authorized all through January 2022 stood at 535. The overall benefit of these permits attained €165.5 million and the whole spot 158. thousand sq. meters. These developing permits deliver for the development of 640 dwelling units.

As opposed to January 2021, the range of developing permits issued rose by 8.3%, their complete worth rose by 3.4% and their total space by 10.1%.

Having said that, the range of permits issued for new properties (dwellings) fell -8.8%.

The 534 permits ended up authorised for the next:

  • Household structures – 361 (a fall of 3.5% from the 374 issued in January 2021)
  • Non-residential buildings – 83 (an boost of 27.7% from the 65 issued in January 2021)
  • Civil engineering projects – 35 (an boost of 52.2% from the 23 issued in January 2021)
  • Division of plots of land – 46 (an enhance of 58.6% from the 29 issued in January 2021)
  • Road construction – 10 (an boost of 233.3% from the 3 issued in January 2021)

Constructing permits for new households

The 631 household permits provided for the construction of 640 new homes (dwellings). These comprised 243 single properties, an boost 18.% in comparison to the 206 authorised in January 2021, and 397 many housing units together with residences, semis, townhouses and other residential complexes a slide of 20.% in comparison to the 496 authorised in January 2021.

Of those 640 new homes, 222 are destined for Limassol, 216 for Nicosia, 112 for Paphos, 70 for Larnaca and 20 for Famagusta.

Making Permits Issued for the Development of New Residences
(Selection of Dwelling Units)

Month 2021 (Dwellings) 2022 (Dwellings) Increase/Lower %age Adjust
January 702 640 -62 -8.8%
Totals 702 640 -62 -8.8%

According to the Cyprus Statistical Assistance “Building permits constitute a leading indicator of long term exercise in the development sector.”

Even more looking through

Press release – Developing Permits: January 2022