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Cyprus building permits drop, project value rises
['Nigel Howarth', 'Please Enter Your Name Here']
Cyprus Property News
The value of residential buildings rose by 15.9% to €1.1 billion.
Significant drop in building permits in MayThe downward trend continued in May, when permits dropped by 14.4% to 607, compared with 709 in May 2024.
Construction area: shift towards residentialResidential building area grew by 16.8%, reaching 947,511 square metres.
Non-residential building area increased by 9.0%.
Reform and new building permits frameworkSince 1 July 2024, responsibility for issuing building permits has been transferred to the District Self-Government Organisations (EOAs), which now manage applications through the integrated “Ippodamos” information system.
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