Building permits down 30 per cent

Building permits fell 30 per cent year-on-year in the first quarter of the year, the statistical service said on Wednesday.

Authorities issued 1,397 permits during the first three months, the service said.

In March, municipal authorities and district administrations issued 428 permits worth €82.4 million and a total area 87.3 thousand square metres.

Building permits constitute a leading indicator of future activity in the construction sector, the service said

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.