By Stelios Orphanides
Construction output is expected to pick up further as building permits for 2017 show a 47 per cent increase in the construction area of projects that received the go-ahead from local authorities, to 1,542,663 square metres, compared to 2016, the statistical service said.
The value of the projects which received a building permit last year rose 49 per cent, to €1.7bn, Cystat said in a statement on its website on Friday.
The increase in building permits last year was mainly on an 81 per cent rise in the construction area of non-housing projects, to 372,806 square metres, accompanied by a 59 per cent increase in the value, to €380.7m, Cystat said. The number of hotels that got a building permit rose to 24 from 19 while that of tourist apartments and villages fell from 35 to 26.
The construction area of housing projects that obtained a building permit last year rose 36 per cent, to 1,133,854, while their value rose 40 per cent, to €1.2bn, Cystat said.
The building permits provide for the construction of 2,302 detached houses, which is 35 per cent more compared to 2016. The number of semi-detached houses rose 21 per cent, to 781 while that of flats in residential blocks almost doubled, to 1,374.