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11.08.2020
Updated
11 August 2020

Cyprus: the number of building permits reached 708 in May 2020

During the period January - May 2020, 2,429 building permits were issued compared to 2,820 in the corresponding period of the previous year. The total value of these permits decreased by 43.7% and the total area by 25.4%. The number of housing units decreased by 5.7%.

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

Source: inbusinessnews

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