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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.

adies ikodomis pinakas

 


Table 1

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

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

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)