Insider Economy Building permits rise for the 4th consecutive year

Building permits rise for the 4th consecutive year

The building permits issued in 2018 reached 6,408, recording an upward trend for the fourth consecutive year. Figures released by the Statistical Service on Wednesday showed that the number of building permits issued between January and December 2018 increased 11.9%, compared to 5.728 in the corresponding period of the previous year.

The total value of these permits reached €2,05 bn from €1,54 bn in 2017, an increase of 19.5%. The total area increased 11.9% and the number of dwelling units was up by 25.6%.

The Statistical Service announced that the number of building permits authorized by the municipal authorities and the district administration offices in December 2018 stood at 479.

“The total value of these permits reached €158,8 million and the total area 139,9 thousand square metres. These building permits provide for the construction of 504 dwelling units” it added.

(Cyprus News Agency)

Top Stories

People enjoy hot weather in London

People enjoy the hot weather amongst summer themed sculptures, amid the coronavirus disease (COVID-19) outbreak, in London, Britain August 12, 2020.

Fourteen new corona virus cases detected out of 3,775 tests

According to the Epidemiological Surveillance Unit of the Ministry of Health 14 new cases of the SARS-CoV-II virus were detected out of a total...

Iraq’s port of Umm Qasr takes precautionary measures after deadly Beirut blast

Following the deadly blast at Beirut's port last week, Iraq is moving to secure its own main port of Umm Qasr from any potential...

Concerns over preserving Lebanon’s cultural heritage

Many historical buildings in Beirut were badly damaged in last week's devastating explosion. Experts worry that much of Lebanon's rich cultural heritage will be lost...

Yellow alert for extremely high temperatures on Thursday

Mainly fine weather on Thursday with yet another yellow alert for extremely high temperatures in effect from 13:00 to 17:00. Temperatures are expected to rise...


Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...