Cyprus Has Halved the Bumber of Building Permit

На Кипре вдвое сократилось количество выданных разрешений на строительство
8 April 2021 DOM LiVE
1583

According to the latest data from the Cyprus Statistical Office (Cystat), the number of licenses issued for the construction of new buildings in the first month of 2021 has been cut in half.

Only 494 projects were approved in January.

The total value of the issued building permits reached 160.1 million euros, and the total area was 143.6 thousand m2. These licenses provide for the construction of 702 housing units in Cyprus.

Compared to the corresponding month of last year, the number of issued building permits decreased by 8.2%. The total cost of these permits decreased by 10.3% and the total area by 13.4%. At the same time, the number of housing units increased by 0.9%.

На Кипре вдвое сократилось количество выданных разрешений на строительство

As of last year, due to the closure of the investment program and the coronavirus pandemic the Cyprus construction sector has been significantly affected.

The area of ​​commercial buildings decreased by 35.8%, hotels - by 36.7%, and entertainment establishments - 48.1%. As for housing projects, the area of ​​private houses decreased on average by 6.2% over the year, apartment buildings - by 2.3%, duplexes - by 3.9%, maisonettes - by 21.3%.

The overall annual decline in residential and non-residential projects was 12.6%. This is primarily due to the reduction in the number of construction permits for large projects.

Source: stockwatch.com.cy
Photos: DOM LiVE, pixabay.com
No one has left a comment yet
Place qoute
Interesting offers

Buy apartment in Limassol

€ 4 500 000

House for sale in Paphos

€ 380 000

Investment project in Limassol

€ 1 230 000

Buy apartment in Limassol

€ 1 700 000

Apartment for rent in Paphos

€ 800

Luxury penthouse

€ 2 500 000

Buy apartment in Limassol

€ 500 000

Luxury penthouse

€ 10 000

New duplex in an elite complex

€ 572 000

Fantastic penthouse

€ 630 000
Компания «Dom Real Estate» Контакты:
Адрес: Limassol, Cyprus,
Телефон:+357 25 212 212, Электронная почта: info@dom.com.cy