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07-06-2024 16:40

Building Permits: March 2024

The Statistical Service announces that the number of building permits authorised by the municipal authorities and the district administration offices during March 2024 stood at 583. The total value of these permits reached €260,1 million and the total area 225,7 thousand square metres. These building permits provide for the construction of 1.171 dwelling units.

During the period January – March 2024, 1.876 building permits were issued compared to 1.816 in the corresponding period of the previous year, recording an increase of 3,3%. The total value of these permits increased by 13,2% and the total area by 12,2%. The number of dwelling units recorded an increase of 20,7%.

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

 

Table 1

Type of Project

Number of Permits

Percentage Change (%)

Mar 2024

Jan-Mar

 2024

Jan-Mar 2023

Jan-Mar

2024/2023

Residential Buildings

388

1.247

1.255

-0,6

Non-residential Buildings

93

310

280

10,7

Civil Engineering Projects

24

113

95

18,9

Division of Plots

58

146

132

10,6

Road Construction

20

60

54

11,1

Total

583

1.876

1.816

3,3

 

Table 2

Type of Project

Area (m²)

Percentage Change (%)

Mar 2024

JanMar2024

Jan – Mar 2023

JanMar2024/2023

Residential Buildings

163.752

478.688

449.065

6,6

Non-residential Buildings

61.456

145.919

107.958

35,2

Civil Engineering Projects

484

1.835

1.486

23,5

Total

225.692

626.442

558.509

12,2

 

Table 3

Type of Project

Value (€000’s)

Percentage Change (%)

Mar 2024

JanMar2024

JanMar 2023

JanMar2024/2023

Residential Buildings

204.424

576.402

507.740

13,5

Non-residential Buildings

40.895

117.565

101.880

15,4

Civil Engineering Projects

7.652

18.437

16.004

15,2

Division of Plots

5.527

12.925

14.126

-8,5

Road Construction

1.555

4.917

5.132

-4,2

Total

260.053

730.246

644.882

13,2

 

Table 4

Residential Buildings

Number of Dwelling Units

Percentage Change (%)

Mar 2024

Jan-Mar 2024

Jan-Mar 2023

Jan-Mar2024/2023

Single houses

207

709

758

-6,5

Buildings with two housing units

72

223

228

-2,2

Residential apartment blocks

858

1.831

1.378

32,9

Residential/commercial apartment blocks

34

161

58

177,6

Total

1.171

2.924

2.422

20,7

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 authorised, 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 authorised 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 categorise the various construction projects.

For more information, please visit CYSTAT Portal, subtheme Construction, CYSTAT-DB (Online Database), Predefined Tables (Excel), or contact Mr Achilleas Moustakas at 22602156 or via email: 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.

(GS/AP)