Building permits up 28% in January, Cystat says

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By Stelios Orphanides

Building permits rose in January 28 per cent in terms of construction area to 88,423 square metres and 49 per cent in terms of value to €108.4 compared to the respective month of last year, the statistical service said.

In January, the construction area of projects which received a building permit in the first month of the year, rose an annual 29 per cent to 74,895 square metres and 44 per cent in terms of value to €76.5m, Cystat said in a statement on its website on Monday.

The construction area of commercial projects which secured a building permit rose 25 per cent in January to 12,919 square metres while the value rose 77 per cent to €18.6m compared to the respective month of 2016, Cystat said.

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Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]