Cystat Building Permits Increase by 123 in November 2016

February 7, 2017

The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during November 2016 stood at 550. The total value of these permits reached €113.5 million and the total area 100.3 thousand square metres. These building permits provide for the construction of 341 dwelling units.

During the period January – November 2016, 4,900 building permits were issued compared to 4,581 in the corresponding period of the previous year. The total value of these permits increased by 12.3% and the total area by 16.8%. The number of dwelling units recorded an increase of 10.5%.

Building permits constitute a leading indicator of future activity in the construction sector.