The number of permits for the construction of new homes inCyprus in May 2019 was only 41 less than the total number issued in the firstquarter of the year.
The total number of building permits in April 2019 was 520,compared with 531 in April 2018; an increase of 10.9% according to officialdata published by the Statistical Service of Cyprus and provided for theconstruction of 742 new homes. Compared with April 2018, the total value ofthese permits increased by 596.0% to 742.3 million Euros, and their total areaincreased by 167.7% to 271.6 thousand square meters.
During April 2019 building permits were issued:
Residential buildings - 374
Uninhabited buildings - 82
Civil engineering projects - 14
Division of land - 39
Road construction - 9 permits
In 374 permits for the construction of residentialfacilities approved in April 2019, construction of 276 individual houses isprovided (compared to 262 in April 2018) and 98 apartment buildings, includingapartments, townhouses, etc. (compared to 79 in April 2018 ). Of these 742 newhomes, 284 are in Limassol, 199 are in Nicosia, 119 are in Larnaca, 109 are inPaphos and 31 are in Famagusta.
During the four months of 2019, a total of 2111 buildingpermits were issued, compared with 1984 in the corresponding period in 2018; anincrease of 56.4%, while their total cost and area increased by 133.4% and45.4%, respectively.
During this period, 2111 building permits were issued for1,003 new houses in Limassol, 738 in Nicosia, 390 in Larnaca, 287 in Paphos and63 in Famagusta.
According to the statistical service of Cyprus, buildingpermits are a major indicator of future activities in the construction sector.