Building permits up 47 in 2017 Cystat says

first_imgConstruction output is expected to pick up further as building permits for 2017 show a 47 per cent increase in the construction area of projects that received the go-ahead from local authorities, to 1,542,663 square metres, compared to 2016, the statistical service said.The value of the projects which received a building permit last year rose 49 per cent, to €1.7bn, Cystat said in a statement on its website on Friday.The increase in building permits last year was mainly on an 81 per cent rise in the construction area of non-housing projects, to 372,806 square metres, accompanied by a 59 per cent increase in the value, to €380.7m, Cystat said. The number of hotels that got a building permit rose to 24 from 19 while that of tourist apartments and villages fell from 35 to 26.The construction area of housing projects that obtained a building permit last year rose 36 per cent, to 1,133,854, while their value rose 40 per cent, to €1.2bn, Cystat said.The building permits provide for the construction of 2,302 detached houses, which is 35 per cent more compared to 2016. The number of semi-detached houses rose 21 per cent, to 781 while that of flats in residential blocks almost doubled, to 1,374.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Pensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’UndoThree arrested in connection with hotel theftsUndoby Taboolaby Taboolalast_img

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