Building permits increase by 21.1% in May 2026

In May 2026, the number of building permits issued increased by 21.1% compared to the previous year, totaling 735 permits with a value of €428.2 million. From January to May 2026, permits rose by 32.1%.

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The Statistical Service announced that in May 2026, 735 building permits were authorized, representing a 21.1% increase compared to May 2025. The total value of these permits reached €428.2 million, covering an area of 352.1 thousand square meters. These permits include construction for 1,847 dwelling units.

During January–May 2026, 3,650 permits were issued, up 32.1% from 2,764 permits in the same period of 2025. The total value increased by 43.9%, and the total area by 43.1%. The number of dwelling units increased by 63.7%.

Details by project type, area, value, and dwelling units are provided in the official statistics, which also include methodological information about data collection and coverage. The data are collected from local authorities and processed through the new electronic system ‘Ippodamos’ since July 2024.

For more information, visit the CYSTAT Portal or contact Mr. Achilleas Moustakas at 22602156 or via email at amoustakas@cystat.mof.gov.cy.

Read the Original: Government of Cyprus on September 16, 2026
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