Building permits for the construction of 617 new homes in Cyprus were authorised during October 2018; an increase of 13.6 percent compared with the corresponding month in 2017.
The number of property sales in Cyprus continued to rise in October with the number of sales contracts deposited at Land Registry Offices across the Republic up 6 per cent compared with October 2017.
Property sales in Cyprus rose 18 per cent in October compared with October 2016 with sales increasing in all districts (with the exception of Larnaca) according to official figures from the Department of Lands and Surveys.
The number of building permits authorised by the municipal authorities and the district administration offices during October 2016 stood at 449 according to the Cyprus Statistical Service.
The number of property sales in Cyprus continued their upward trend in October with sales rising by 37 per cent compared to October 2015 according to official figures from the Department of Lands and Surveys.
The number of building permits authorised in Cyprus during October 2015 increased compared to the number authorised during the same period in 2014, together with their total area and value.
The Cyprus property market shrank by 21% in October compared with October 2010 and the number of sales recorded so far this year are down by more that 11% on the number sold in 2009, the year the market collapsed.
Figures released today by the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties rose in October compared to the same month last year.
