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Building permits fall in number, value and area

Although there was a small increase in the number of building permits authorised for the construction of new homes...
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New home construction steadies

Despite a fall in the number of building permits authorised for building new homes in November 2020 compared to...
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Construction sector feeling the squeeze

Following the demise of Cyprus "golden passports" scheme compounded by coronavirus the construction industry is suffering but has options. The...
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New homes construction falls 37 per cent

Following the 51% rise in the number of building permits authorised for the construction of new homes in August,...
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Sharp rise in new homes construction

There was a sharp rise in the number of building permits authorised in August for the construction of new...
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New homes construction recovering

The number of new homes for which building permits have been issued so far this year, which suffered during...
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Small increase in the construction of new homes

The Cyprus construction sector staged a slight recovery May falling by just 0.1% compared to May 2019, the month...
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COVID-19 hits new home construction in Cyprus

In April 2020, the second month during which COVID-19 containment measures continued to apply in Cyprus, 195 building permits...
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Cyprus’ largest ever housing project will help low-income families

Limassol municipality and the Land Development Corporation (KOAG) reached an official agreement on Thursday regarding the establishment of the largest housing project ever undertaken in Cyprus, worth €100 million.
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Cabinet extends town planning incentives

The cabinet on Wednesday decided to extend existing town planning incentives and introduce new ones in a bid to boost growth, Interior Minister Nicos Nouris announced.
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Construction of new homes doubles

The number of building permits authorised in December 2019 provided for the construction of more than twice as many new homes as those authorised in December 2018 according to official figures.
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Strong growth in construction continues

The strong growth in the Cyprus construction sector continued in November with building permits authorised for the construction of 909 new homes according to official statistics from the Cyprus Statistical Service.
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Cyprus: Surge in new home construction

Building permits authorised in Cyprus during September 2019 provided for the construction of 1,114 new homes, compared with 576 in September 2018 according to official figures published by the Statistical Service.
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Massive rise in new home construction

The number of building permits authorised for the construction of new homes in Cyprus during April 2019 was a mere 41 fewer than the total number issued during the first quarter of the year.
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Cyprus property construction costs

The Cyprus Statistical Service (CySTAT) has just published a report detailing the construction costs of Cyprus property, including houses, apartments, holiday apartments, hotels, etc.
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Cyprus building & construction driven by passports

Although the years of austerity in the Cyprus building and construction sectors appear to be over, pundits believe that they remain heavily dependent on the passport for investment scheme.
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Limassol Aura high rise development

The construction of the 197 metre Aura high rise development in Limassol to be built on the present site of the Debenhams Olympia shopping centre on Limassol's coastal road should be completed by the end of 2022.
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Paralimni marina construction underway

Construction work has begun on the Paralimni marina, which is expected to be fully operational by mid-2021 and which will and will have a capacity of approximately 300 vessels.
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Sea caves development a ‘litany of irregularities’

A special audit report into the procedures that resulted in the desecration of the sea caves area of Pegeia in Paphos on the west coast of Cyprus has uncovered a litany of irregularities.
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Is the Cyprus construction boom sustainable?

Questions raised about the latest Cyprus construction boom and whether there is a sustainable demand for new homes or is it just the result of the 'passports for cash' scheme?
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