Insider Business Building permits up by 14.4% in April 

Building permits up by 14.4% in April 

 

The number of building permits issued this April compared to last April was up by 14.4%, data released by the Cyprus Statistical Service show. At the same time, an increase of 6.6% is recorded during the first four months of this year.

The number of building permits issued by local authorities this April was 469, compared to 410 in April 2017, recording an increase of 14.4%. The total value of these permits was up by €17 million reaching €105.6 million compared to €89.6 million in April last year.

The total area of the properties reached 101,500 square metres compared to 87,600 square metres last April.

The permits issued this April concern the construction of 418 residential units compared to 289 last April. During the period of January – April 2018, 1,984 building permits were issued compared to 1,861 in the same period of 2017, recording an increase of 6.6%.

The total value of these permits was up by 27.5% and their total area by 24.5%. The number of residential units to be built was up by 22.3%.

Building permits constitute an important indicator for future activity in the building sector, the Statistical Service says.

Top Stories

Deadly Greece floods kill 5, including 8 month old baby

  Torrential rains have caused deadly extensive flooding in the Greek island of Evia, killing at least five people who drowned in their homes, including...

UK PM says schools must open in September

  British Prime Minister Boris Johnson said reopening schools in September was a social, economic and moral imperative and insisted they would be able to...

Two couples from Romania lost in Adonis Baths area, found by authorities

  Two Romanian couples lost in the Adonis Baths area of Paphos were found by police and the fire service, following a rescue operation last...

Survivor search sadly ends in Beirut rubble, Cyprus rescue team to return

  Lebanese authorities have declared that there is no longer hope of finding any other survivors in the rubble of the Beirut explosion rubble and...

Uprising calls gather pace in Lebanon as rage spills

  Some Lebanese called for a sustained uprising to topple their leaders amid public fury over this week’s devastating explosion in Beirut, and the country’s...

Taste

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...