Building permits down in first quarter

Building permits declined by 10.3 per cent during January-March 2014, compared to the corresponding period of the previous year, the Statistical Service announced on Thursday.

The total value of permits decreased by 37.4 per cent and the total area by 44.2 per cent. Τhe number of dwelling unit permits recorded a decrease of 60 per cent.

According to the announcement, there were 448 building permits issued in March 2014, at a total value of €61.2m and a total area of 58,900 square metres. These building permits provide for the construction of 193 dwelling units. (CNA)

 

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