We heard the Limassol Mayor announcing the municipality’s initiative to construct over 600 housing units to alleviate the shortage of housing units, thus helping reduce the sales prices/rental levels. He stated the
Building permits issued in the first half of 2021 marked a significant recovery from Covid-hit 2020 while exceeding the pre-pandemic activity of 2019, according to data released by the Cyprus Statistical Service.
For those who will be in Cyprus for the next couple of years, many developments are underway to make living on the island feel better. We already have four golf courses (all
Building permits issued in Cyprus jumped 46,7% annually in the four months from January – April, reflecting increased economic activity in the construction sector as Covid containment measures were eased. While most
Construction improved in the first two months of 2021, with the number of building permits issued increasing 1.9% on the year before despite a lockdown in January. A second national lockdown that
The value of Cyprus building permits issued from January to November 2020 declined by 23% year on year to €2.5 bln, mainly affected by the impact of the pandemic on large-scale projects.
Construction activity declined in October with approved building permits dropping 15.5% to 583 from 690 in the previous month of 2020, although Nicosia and Famagusta districts made gains. According to official data
A significant decline in building permits was recorded in the first six months due to the restrictive coronavirus measures but data for June shows signs of an economic upswing driven by demand
Cyprus building permits issued by local authorities during January-November 2019 increased by nearly 11% with their total value spiking 74% compared to the same 11-month period of 2018. According to official data,