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Increase in both Area (3.6%) and Value (17.0%)
The Statistical Office announces that the number of building permits issued by municipal authorities and provincial administrations in October 2023 amounted to 632. The total value of these permits reached €263.2 million and the total area reached 204.1 thousand square meters. With these permits, 1,003 residential units are planned to be built.
In the period January - October 2023, 5,906 building permits were issued, compared to 6,347 in the same period of the previous year, a decrease of 6.9%. The total value of these permits increased by 17.0% and the total floor area by 3.6%. The number of housing units increased by 10.3%.
Building permits are an important indicator of future activity in the construction sector.
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Table 1 |
[/TD]
[TR] [TD]
Project category
[/TD] [TD]Number Permits
[/TD] [/TD] [TD]Percentage Change (%)
[/TD] [/TR] [TR] [TD]Oct 2023
[/TD] [TD]Jan-Oct
2023
[/TD] [TD]Jan-Oct 2022
[/TD] [TD]Jan-Oct 2023/
Jan-Oct 2022
[/TD] [/TD] [/TR] [TR] [TD]Residential Buildings
[/TD] [TD]424
[/TD] [TD]4.034
[/TD] [TD]4,314
[/TD] [TD]-6.5
[/TD] [/TD] [/TR] [TR] [TD]Non-Residential Buildings
[/TD] [TD]103
[/TD] [TD]868
[/TD] [TD]1.012
[/TD] [TD]-14.2
[/TD] [/TR] [TR] [TD]Civil Engineering Projects
[/TD] [TD]38
[/TD] [TD]346
[/TD] [TD]427
[/TD] [TD]-19,0
[/TD] [/TR] [TR] [TD]Division of Building Plots
[/TD] [TD]53
[/TD] [TD]478
[/TD] [TD]441
[/TD] [TD]8,4
[/TD] [/TR] [TR] [TD]Road Construction
[/TD] [TD]14
[/TD] [TD]180
[/TD] [TD]153
[/TD] [TD]17,6
[/TD] [/TR] [TR] [TD]Total
[/TD] [TD]632
[/TD] [TD]5.906
[/TD] [/TD] [TD]6.347
[/TD] [/TD] [TD]-6,9
[/TD] [/TR]
| Table 2 | ||
| Project Category | [TD] Floor Area (m²) | Percentage Change (%) |
| Oct 2023 | Jan-Oct 2023 | Jan-Oct 2022 |
[TD]
Jan-Oct 2023/
Jan-Oct 2022
[/TD] [/TD][TR] [TD]
Residential Buildings
[/TD] [TD]174.862
[/TD] [TD]1,591,258
[/TD] [TD]1,491.845
[/TD] [TD]6.7
[/TD] [/TR] [TR] [TD]Non-Residential Buildings
[/TD] [TD]28.763
[/TD] [TD]278.749
[/TD] [TD]312.741
[/TD] [TD]-10.9
[/TD] [/TR] [TR] [TD]Civil Engineering Projects
[/TD] [TD]510
[/TD] [TD]7,154
[/TD] [TD]8.212
[/TD] [TD]-12.9
[/TD] [/TR] [TR] [TD]Total
[/TD] [TD]204,135
[/TD] [TD]1,877,161
[/TD] [TD]1,812.798
[/TD] [/TD] [TD]3,6
[/TD] [/TR] Table 3 Project Category Value (€000's) Percentage Change (%) Oct 2023 Jan-Oct 2023 Jan-Oct 2022 [TD] Jan-Oct 2023/ Jan-Oct 2022 [TR] [TD] Residential Buildings 202.426 1,925,602 1,563,771 23.1 Non-Residential Buildings 49.800 328,294 367,578 -10.7 Civil Engineering Projects 6.519 99,311 73,375 35.3 Land Division 3,711 41.365 40.842 1.3 Road Construction 752 14.135 13.223 6.9 Total 263,208 2,408,707 2,058.789 17,0
[/TD]
[/TD]
[TD]
Table 4 [TR] [TD] Residential Buildings Number Residential Units Percentage Change (%) Oct 2023 Jan-Oct 2023 Jan-Oct 2022 Jan-Oct 2023/ Jan-Oct 2022 Single Family Residential 248 2.343 2.595 -9.7 Duplexes 67 726 756 -4,0 Residential apartment buildings 679 5.650 4.469 26.4 Mixed multifamily 9 283 339 -16,5 Total 1.003 9.002 8.159 10.3
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 works, land division and road construction by province (urban and rural areas). For each category of project, 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 the Community Council of Agios Tychonas 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 Classification of Construction (CC) of the European Union (EU) 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 at 22602156 or 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 made only in the CYSTAT-DB Database.
(MS/EATH)
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