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construction cyprus

Cyprus Building Permits on the Rise

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In Cyprus, building permits have risen by 8.3% in the first four months of 2024, indicating a growing construction sector and a thriving economy. The surge in residential units, up by 24.2%, showcases a promising market for both residential and commercial properties, reflecting investor confidence and a flourishing real estate sector.

construction building permits

Cyprus Building Permits Surge in Value and Number

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The Cyprus construction sector has experienced significant growth, with building permits surging by 3.3 percent in count and 13.2 percent in value in Q1 2024. Residential unit permits saw a remarkable 20.7 percent increase, indicating strong development activity and a healthy economy ahead.

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