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 |
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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 |
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Type of Project |
Area (m²) |
Percentage Change (%) |
||
Mar 2024 |
Jan – Mar2024 |
Jan – Mar 2023 |
Jan – Mar2024/2023 |
|
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 |
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Type of Project |
Value (€000’s) |
Percentage Change (%) |
||
Mar 2024 |
Jan – Mar2024 |
Jan – Mar 2023 |
Jan – Mar2024/2023 |
|
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 |
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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)
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