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07-11-2023 19:23

Building Permits: August 2023

 

The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during August 2023 stood at 450. The total value of these permits reached €191,3 million and the total area 148,6 thousand square metres. These building permits provide for the construction of 734 dwelling units.

During the period January – August 2023, 4.662 building permits were issued compared to 5.031 in the corresponding period of the previous year, recording a decrease of 7,3%. The total value of these permits increased by 14,9% and the total area by 2,5%. The number of dwelling units recorded an increase of 5,5%. 

Building permits constitute a leading indicator of future activity in the construction sector.

 


Table 1

 

 

 

 

Type of Project

Number of Permits

Percentage Change (%)

Aug 2023

Jan-Aug

 2023

Jan-Aug 2022

  Jan-Aug 2023/

Jan-Aug 2022

Residential Buildings

325

3.198

3.443

-7,1

Non-residential Buildings

58

679

780

-12,9

Civil Engineering Projects

29

269

344

-21,8

Division of Plots

33

369

346

6,6

Road Construction

5

147

118

24,6

Total

450

4.662

5.031

-7,3

 

Table 2

 

 

 

 

Type of Project

Area (m²)

Percentage Change (%)

Aug 2023

Jan-Aug

 2023

Jan-Aug 2022

  Jan-Aug 2023/

Jan-Aug 2022

Residential Buildings

123.330

1.245.953

1.201.088

3,7

Non-residential Buildings

24.605

206.581

214.733

-3,8

Civil Engineering Projects

682

6.418

7.636

-16,0

Total

148.617

1.458.952

1.423.457

2,5

 

Table 3

 

 

 

 

Type of Project

Value (€000’s)

Percentage Change (%)

Aug 2023

Jan-Aug

 2023

Jan-Aug 2022

  Jan-Aug 2023/

Jan-Aug 2022

Residential Buildings

145.460

1.505.999

1.252.607

20,2

Non-residential Buildings

31.074

234.667

266.279

-11,9

Civil Engineering Projects

11.693

84.014

66.951

25,5

Division of Plots

2.814

33.192

32.104

3,4

Road Construction

263

12.210

10.224

19,4

Total

191.304

1.870.082

1.628.165

14,9

 

Table 4

 

 

 

 

Residential Buildings

Number of Dwelling Units

Percentage Change (%)

Aug 2023

Jan-Aug

 2023

Jan-Aug 2022

  Jan-Aug 2023/

Jan-Aug 2022

Single houses

165

1.874

2.093

-10,5

Buildings with two housing units

77

523

613

-14,7

Residential apartment blocks

417

4.335

3.622

19,7

Residential/commercial apartment blocks

75

237

278

-14,7

Total

734

6.969

6.606

5,5

 

Methodological Information

Scope and Coverage

The purpose is the collection of basic data concerning residential and non-residential buildings as well as other construction activities such as civil engineering projects, division of plots and road construction, by district (both urban and rural areas). For each type of project, information is compiled on the number of permits authorized, the area and the value of the project and the number of dwelling units that are expected to be built.

Data cover all building permits authorized by local authorities, namely the municipalities, the district administration offices of the Ministry of Interior and the Agios Tychonas Community Board.

Data Collection

The Statistical Service receives on a monthly basis from all local authorities copies of all the building permits issued. The information contained in these forms is appropriately coded by the Statistical Service in order to produce the statistics. The EU Classification of Types of Construction (CC) is used to categorize the various construction projects.

For more information visit CYSTAT Portal, subtheme ConstructionCYSTAT-DB (Online Database), Predefined Tables (Excel), or contact Mr Achilleas Moustakas at tel. 22602156 or via e-mail at amoustakas@cystat.mof.gov.cy.

It is noted that the Predefined Tables, available in Excel format, include data up to December 2022. Data from January 2023 onwards are available only in the CYSTAT-DB Online Database.

(IA/NG)