10-04-2024 14:10
Building Permits: January 2024
Decrease both in Area (2,4%) and in Value (8,3%)
The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during January 2024 stood at 587. The total value of these permits reached €221,3 million and the total area 198,2 thousand square metres. These building permits provide for the construction of 834 dwelling units.
Compared to the corresponding month of the previous year, the number of building permits issued decreased by 0,5%. The total value of these permits decreased by 8,3% and the total area by 2,4%. The number of dwelling units recorded a decrease of 11,1%.
Building permits constitute a leading indicator of future activity in the construction sector.
Table 1 |
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Type of Project |
Number of Permits |
Percentage Change (%) |
||
Jan 2024 |
Jan 2023 |
Jan-Dec 2023 |
Jan 2024/ Jan 2023 |
|
Residential Buildings |
398 |
412 |
4.923 |
-3,4 |
Non-residential Buildings |
94 |
95 |
1.048 |
-1,1 |
Civil Engineering Projects |
36 |
27 |
403 |
33,3 |
Division of Plots |
39 |
40 |
572 |
-2,5 |
Road Construction |
20 |
16 |
224 |
25,0 |
Total |
587 |
590 |
7.170 |
-0,5 |
Table 2 |
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Type of Project |
Area (m²) |
Percentage Change (%) |
||
Jan 2024 |
Jan 2023 |
Jan-Dec 2023 |
Jan 2024/ Jan 2023 |
|
Residential Buildings |
146.782 |
176.178 |
1.954.518 |
-16,7 |
Non-residential Buildings |
51.072 |
26.591 |
331.378 |
92,1 |
Civil Engineering Projects |
344 |
294 |
8.970 |
17,0 |
Total |
198.198 |
203.063 |
2.294.866 |
-2,4 |
Table 3 |
||||
Type of Project |
Value (€000’s) |
Percentage Change (%) |
||
Jan 2024 |
Jan 2023 |
Jan-Dec 2023 |
Jan 2024/ Jan 2023 |
|
Residential Buildings |
166.451 |
197.289 |
2.347.094 |
-15,6 |
Non-residential Buildings |
47.997 |
36.172 |
386.449 |
32,7 |
Civil Engineering Projects |
1.920 |
3.970 |
106.370 |
-51,6 |
Division of Plots |
3.330 |
2.754 |
48.962 |
20,9 |
Road Construction |
1.589 |
1.082 |
17.344 |
46,9 |
Total |
221.287 |
241.267 |
2.906.219 |
-8,3 |
Table 4 |
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Residential Buildings |
Number of Dwelling Units |
Percentage Change (%) |
||
Jan 2024 |
Jan 2023 |
Jan-Dec 2023 |
Jan 2024/ Jan 2023 |
|
Single houses |
237 |
216 |
2.904 |
9,7 |
Buildings with two housing units |
97 |
60 |
867 |
61,7 |
Residential apartment blocks |
491 |
620 |
6.903 |
-20,8 |
Residential/commercial apartment blocks |
9 |
42 |
367 |
-78,6 |
Total |
834 |
938 |
11.041 |
-11,1 |
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 please visitCYSTAT Portal, subtheme Construction, CYSTAT-DB (Online Database), Predefined Tables (Excel) or contact Mr Achilleas Moustakas: Tel.: 22602156, E-mail: amoustakas@cystat.mof.gov.cy
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.
(EP/MS)
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