Building Permits In Cyprus Jump 48.8% In January-February 2026

Early 2026 saw a sharp increase in building activity in Cyprus, with the number of permits issued rising by 48.8% during the first two months of the year, according to the Cyprus Statistical Service.

Substantial Growth In Permit Issuance

A total of 1,500 building permits were issued between January and February 2026, compared with 1,008 during the corresponding period of 2025. These figures point to increased activity in the construction and real estate sectors.

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Enhanced Value, Area, And Housing Projections

Growth was also reflected in the value and scale of approved projects. Total permit value increased by 56.5%, while the approved floor area expanded by 54.9%. Based on the permits issued, authorities estimate that 3,463 housing units will be constructed, representing an increase of 79.2% compared with the same period last year.

February’s Standout Performance

February accounted for a significant share of the overall increase, with 711 permits issued during the month. Combined, these permits corresponded to projects valued at €379.9 million and covering 314,700 square meters. The approved developments are expected to result in the construction of 1,708 residential units.

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Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

by THEFUTURE.TEAM

September 7, 2026

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

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Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.

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