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The Statistical Office announces that the number of building permits issued by municipal authorities and provincial administrations in May 2024 amounted to 709. The total value of these permits reached €271.6 million and the total area reached 213.8 thousand square meters. With these permits, 990 residential units are planned to be built.
In the period January-May 2024, 3,254 building permits were issued, compared to 2,998 in the same period of the previous year, an increase of 8.5%.
In the period January-May 2024, 3,254 building permits were issued, compared to 2,998 in the same period of the previous year, an increase of 8.5%. The total value of these permits increased by 8.4% and the total floor area by 13.4%. The number of housing units increased by 17.1%.
Building permits are an important indicator of future activity in the construction sector.
| Table 1 |
Category Project Category
[/TD] [TD]Number of Permits
[/TD] [TD] [/TD] [TD]Percentage Change (%)
[/TD] [/TD] [/TR] [TR] [TD]May 2024
[/TD] [TD]Jan-May
2024
[/TD] [TD]Jan-May 2023
[/TD] [TD] [/TD] [TD]Jan-May
2024/2023
[/TD] [/TD] [/TR] [TR] [TD]Residential Buildings
[/TD] [TD]477
[/TD] [TD]2.163
[/TD] [TD]2.043
[/TD] [TD][/TD] [TD]
5.9
[/TD] [/TR] [TR] [TD]Non-Residential Buildings
[/TD] [TD]120
[/TD] [TD]534
[/TD] [TD]465
[/TD] [TD][/TD] [TD]
14,8
[/TD] [/TR] [TR] [TD]Civil Engineering Projects
[/TD] [TD]53
[/TD] [TD]215
[/TD] [TD]163
[/TD] [TD][/TD] [TD]
31,9
[/TD] [/TR] [TR] [TD]Division of Building Plots
[/TD] [TD]42
[/TD] [TD]236
[/TD] [TD]234
[/TD] [TD][/TD] [TD]
0,9
[/TD] [/TR] [TR] [TD]Road Construction
[/TD] [TD]17
[/TD] [TD]106
[/TD] [TD]93
[/TD] [TD][/TD] [TD]
14,0
[/TD] [/TR] [TR] [TD]Total
[/TD] [TD]709
[/TD] [TD]3.254
[/TD] [/TD] [TD]2.998
[/TD] [TD] [/TD] [TD]8,5
[/TD] [/TR] Table 2 [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TD] [TR] [TR] [TD] Project Category 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
[/TD] [TD]
[/TD] [TD]
[/TD] [TD]
Table 3 [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TD] [TR] [TR] [TD] Project Category 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 Land division 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
[/TD] [TD]
[/TD] [TD]
[/TD] [TD]
[/TD] [TD]
[/TD] [TD]
|
Table 4 |
[TD]
[/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD]
[TR] [TD]
Residential Buildings
[/TD] [TD]Number of Residential Units
[/TD] [TD] [/TD] [TD] [/TD] [TD]Percentage Change (%)
[/TD] [/TD] [/TR] [TR] [TD]May 2024
[/TD] [TD]Jan-May
2024
[/TD] [TD]Jan-May 2023
[/TD] [TD] [/TD] [TD]Jan-May
2024/2023
[/TD] [/TR] [TR] [TD]Single-family houses
[/TD] [TD]254
[/TD] [TD]1.189
[/TD] [TD]1.191
[/TD] [TD][/TD] [TD]
-0.2
[/TD] [/TR] [TR] [TD]Duplexes
[/TD] [TD]107
[/TD] [TD]427
[/TD] [TD]296
[/TD] [TD][/TD] [TD]
44,3
[/TD] [/TR] [TR] [TD]Residential apartment buildings
[/TD] [TD]602
[/TD] [TD]2.991
[/TD] [TD]2.519
[/TD] [TD][/TD] [TD]
18.7
[/TD] [/TR] [TR] [TD]Mixed multifamily
[/TD] [TD]27
[/TD] [TD]237
[/TD] [TD]129
[/TD] [TD][/TD] [TD]
83,7
[/TD] [/TR] [TR] [TD]Total
[/TD] [TD]990
[/TD] [TD]4.844
[/TD] [TD]4.135
[/TD] [TD] [/TD] [TD]17,1
[/TD] [/TR]
Methodological Information
Purpose and Coverage
The purpose is to collect basic data concerning residential and non-residential buildings as well as other construction activities such as civil engineering projects, land division and road construction, by province (urban and rural areas). For each project category, information is compiled on the number of permits issued, the area and value of the project and the number of housing units planned to be built.
All building permits issued by local government authorities, i.e. town halls, provincial administrations of the Ministry of Interior and Agios Tychon Community Council, are covered.
Data collection
The Statistical Service receives on a monthly basis from all local government authorities copies of all building permit forms issued by them. The information contained in the forms is appropriately coded by the Statistics Office to produce the statistics. The EU Classification of Construction (CC) is used to categorise the different building projects.
For more information, interested parties can visit the Statistical Office Portal, under Construction, CYSTAT-DB (Database), Predefined Tables (Excel) or contact Mr Achilleas Moustakas by telephone at 22602156 or by e-mail at amoustakas@cystat.mof.gov.cy.
The Predefined Tables in Excel format include data up to December 2022. For January 2023 and thereafter, the update is done only in the CYSTAT-DB Database.
(NYAN/AS)
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