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14-05-2024 13:35

Building Permits: February 2024

The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during February 2024 stood at 706. The total value of these permits reached €248,9 million and the total area 202,6 thousand square metres. These building permits provide for the construction of 919 dwelling units.

During the period January – February 2024, 1.293 building permits were issued compared to 1.143 in the corresponding period of the previous year, recording an increase of 13,1%. The total value of these permits increased by 16,9% and the total area by 14,3%. The number of dwelling units recorded an increase of 13,4%. 

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

Table 1

 

 

 

 

Type of Project

Number of Permits

Percentage Change (%)

Feb 2024

Jan-Feb

 2024

Jan-Feb 2023

Jan-Feb

2024/2023

Residential Buildings

461

859

791

8,6

Non-residential Buildings

123

217

187

16,0

Civil Engineering Projects

53

89

60

48,3

Division of Plots

49

88

71

23,9

Road Construction

20

40

34

17,6

Total

706

1.293

1.143

13,1

 

Table 2

 

 

 

 

Type of Project

Area (m²)

Percentage Change (%)

Feb 2024

Jan-Feb

2024

Jan-Feb 2023

Jan-Feb

2024/2023

Residential Buildings

168.154

314.936

286.557

9,9

Non-residential Buildings

33.391

84.463

62.941

34,2

Civil Engineering Projects

1.007

1.351

1.164

16,1

Total

202.552

400.750

350.662

14,3

  

Table 3

 

 

 

 

Type of Project

Value (€000’s)

Percentage Change (%)

Feb 2024

Jan-Feb

2024

Jan-Feb 2023

Jan-Feb

2024/2023

Residential Buildings

205.527

371.978

317.000

17,3

Non-residential Buildings

28.673

76.670

62.102

23,5

Civil Engineering Projects

8.865

10.785

14.254

-24,3

Division of Plots

4.068

7.398

6.466

14,4

Road Construction

1.773

3.362

2.231

50,7

Total

248.906

470.193

402.053

16,9

 

Table 4

 

 

 

 

Residential Buildings

Number of Dwelling Units

Percentage Change (%)

Feb 2024

Jan-Feb

2024

Jan-Feb 2023

Jan-Feb

2024/2023

Single houses

265

502

438

14,6

Buildings with two housing units

54

151

119

26,9

Residential apartment blocks

482

973

934

4,2

Residential/commercial apartment blocks

118

127

55

130,9

Total

919

1.753

1.546

13,4

 

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. 

(AP/GS)