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)
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