Investment Property in Cyprus Permits Rise

Building

ACCORDING to figures released today by the Cyprus Statistical Service, 638 building permits were authorised in January 2011, an increase of 3.1% over the 619 authorised in January 2010, comprising:

  • Residential buildings – 469 permits
  • Non-residential buildings – 95 permits
  • Civil engineering projects -25 permits
  • Road construction – 8 permits
  • Division of plots of land – 41 permits

This is the first time in ten months that the number of building permits that have been authorised has increased.

Building permits information

Source: Cyprus Statistical Service

Credit: Cyprus Property News