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07-08-2024 14:40

Building Permits: May 2024

The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during May 2024 stood at 709. The total value of these permits reached €271,6 million and the total area 213,8 thousand square metres. These building permits provide for the construction of 990 dwelling units.uring the period January – May 2024, 3.254 building permits were issued compared to 2.998 in the corresponding period of the previous year, recording an increase of 8,5%. The total value of these permits increased by 8,4% and the total area by 13,4%. The number of dwelling units recorded an increase of 17,1%. 

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

 


Table 1

 

 

 

 

 

Type of Project

Number of Permits

 

Percentage Change (%)

May 2024

Jan-May

 2024

Jan-May 2023

 

Jan-May

2024/2023

Residential Buildings

477

2.163

2.043

 

5,9

Non-residential Buildings

120

534

465

 

14,8

Civil Engineering Projects

53

215

163

 

31,9

Division of Plots

42

236

234

 

0,9

Road Construction

17

106

93

 

14,0

Total

709

3.254

2.998

 

8,5

 

Table 2

 

 

 

 

 

Type of Project

Area (m²)

 

Percentage Change (%)

May 2024

Jan-May

 2024

Jan-May 2023

 

Jan-May

2024/2023

Residential Buildings

171.100

811.339

766.517

 

5,8

Non-residential Buildings

42.492

218.695

138.590

 

57,8

Civil Engineering Projects

235

2.559

5.261

 

-51,4

Total

213.827

1.032.593

910.368

 

13,4

 

Table 3

 

 

 

 

 

Type of Project

Value (€000’s)

 

Percentage Change (%)

May 2024

Jan-May

 2024

Jan-May 2023

 

Jan-May

2024/2023

Residential Buildings

195.621

955.337

913.209

 

4,6

Non-residential Buildings

54.093

235.849

156.818

 

50,4

Civil Engineering Projects

18.318

44.472

64.528

 

-31,1

Division of Plots

2.637

20.118

21.598

 

-6,9

Road Construction

915

7.359

9.274

 

-20,6

Total

271.584

1.263.135

1.165.427

 

8,4

 

Table 4

 

 

 

 

 

Residential Buildings

Number of Dwelling Units

 

Percentage Change (%)

May 2024

Jan-May

 2024

Jan-May 2023

 

Jan-May

2024/2023

Single houses

254

1.189

1.191

 

-0,2

Buildings with two housing units

107

427

296

 

44,3

Residential apartment blocks

602

2.991

2.519

 

18,7

Residential/commercial apartment blocks

27

237

129

 

83,7

Total

990

4.844

4.135

 

17,1

 

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 visit the 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. 

(NGian/AS)