Cyprus issued 3153 permits

Кипр выдал 3153 разрешения на строительство в первом полугодии 2020 года
2 October 2020 Liza Medvetskaya
2411

Buyers and consequently, the construction sector and residential apartment buildings seem to be turning to detached houses.

According to data from the Statistical Service, 61 large projects (with an area of ​​more than 900 m2) and 663 small projects were licensed this year in June. This month was a 26% increase in the issuance of building permits, with 724 permits.

Кипр выдал 3153 разрешения на строительство в первом полугодии 2020 года

12 restaurants and five hotels licensed

In terms of non-residential development, building permits were issued for five hotels, 12 restaurants, cafes and pubs, two tourist apartments, and villages, as well as for a holiday building.

With the building permits issued in June, the construction of 976 housing units worth € 181 800 000 is expected.

Preference for detached houses

In the first half of the year, 3 153 building permits were issued compared to 3,393 in the corresponding period last year, with their total value decreasing by 34.8% to € 1.11 billion.

Moreover, the total area decreased by 18% to 939,571 m2, with the number of housing units reducing by 0.7% to 4 171.

In the first half of 2020, 2,315 residential buildings received building permits. Among them, 1,676 detached houses, 312 duplexes, 288 residential blocks of flats, 35 mixed apartments, and four collective dwellings.

The residential buildings' area fell by 12% to 778 543 m2 (from 883 133 in the first half of 2019), with the value decreasing by 7% to € 823 000 000 (from € 838 100 000).

Greenlight for 65 industrial buildings and 14 tourist apartments

At the same time, building permits were issued for 417 non-residential buildings. Among others, 50 restaurants, cafes and pubs, 14 tourist apartments and villages, 11 hotels, and a holiday building.

The green light was also given for 65 industrial buildings and warehouses, 42 commercial buildings, and 41 office buildings.

The large projects licensed within the first half of 2020 were 287, with a total value of € 626 000 000, with an area of ​​515 418 m2.

Source: inbusinessnews.reporter.com.cy
Photos: pixabay.com
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