Building Permits: May 2024

From:

07/08/24 14:50 | Press release | Energy, Commerce and Industry

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 (%)
Type of Project	May 2024	Jan-May 2024	Jan-May 2023	Jan-May2024/2023
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 (%)
Type of Project	May 2024	Jan-May 2024	Jan-May 2023	Jan-May2024/2023
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 (%)
Type of Project	May 2024	Jan-May 2024	Jan-May 2023	Jan-May2024/2023
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 (%)
Residential Buildings	May 2024	Jan-May 2024	Jan-May 2023	Jan-May2024/2023
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)

Building Permits: May 2024

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