Overview Of Permit Activity In Early 2025
Statistics from the Cyprus Statistical Service reveal a 4.3% decline in the number of building permits issued between January and August 2025 compared to the previous year. A total of 4,842 permits were granted during this period, down from 5,062 in 2024, according to data published on Monday.
Increased Investment And Enhanced Project Scope
Despite the lower count, the overall value of the permits experienced a notable rise of 12.3%, while the total built-up area increased by 16.1%. Moreover, the number of residential units authorized grew by 14.6%, underscoring that while permit issuance has slowed, investment in quality and scope remains robust.
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Shifts In Permit Categories
Analysis of the permit categories indicates a widespread decline compared to the same period last year—except for permits related to residential buildings, which saw an 8.5% increase. In stark contrast, permits for road constructions plunged by 56.9%, and those for non-residential buildings fell by 41.7%, illustrating sector-specific challenges and adjustments.
Highlights Of August 2025
The month of August recorded the issuance of 647 building permits totaling €252.8 million in value, with an aggregate built-up area of 213,200 square meters. Projections based solely on August’s data suggest the construction of 1,147 new residential units.
Regulatory And Procedural Reforms
It is also significant that since July 1, 2024, responsibility for issuing building permits has transitioned from municipalities and district administrations to the Provincial Self-Government Organizations (ΕΟΑ). In addition, the entire approval process is now managed through the new integrated information system, Hippodamos, implemented across Cyprus.
This combination of declining permit numbers with rising operational scales reflects a market in transformation—where streamlined regulatory frameworks and sophisticated project planning drive substantial construction investments despite reduced permit volumes.
