A significant decline of 24 per cent was recorded in the number of building permits issued in Cyprus in January 2025, when compared to the same month in 2024, according to data released by the Statistical Service.

The total area covered by these permits also saw a decrease, although the total value of the permits registered an annual increase.

Specifically, the number of building permits issued in January 2025 stood at 446, showing a reduction of 24.0 per cent compared to January 2024.

Despite this drop in permits, the total value of these authorisations reached €230.8 million in January 2025, marking an increase of 4.3 per cent from €221.2 million in January 2024.

Meanwhile, the total area represented by the permits fell to 189.9 thousand square metres, a decrease of 4.2 per cent year-on-year.

The 446 building permits issued in January 2025 are expected to result in the construction of 838 residential units, a slight increase of 0.5 per cent compared to the same month the previous year.

According to the data, of the 838 residential units, 165 relate to single houses, 120 to semi-detached houses, 529 to apartment buildings, and 24 to mixed-use buildings.