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Cyprus Experiences a Reduction in Building Permits But Sees Continued Value Growth in January 2025

by News Editor

May 21, 2025

Analyzing Building Permits in Cyprus:

In January 2025, Cyprus observed a 24% decline in building permits compared to January 2024, as reported by the Statistical Service.

Reduced Quantity, Increased Value

While the number of permits fell to 446, their cumulative value grew by 4.3%, reaching €230.8 million. Simultaneously, the total area decreased by 4.2% to 189.9 thousand square meters.

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Despite fewer permits, the projected construction of 838 residential units marks a slight increase from the previous year. This includes 165 single houses, 120 semi-detached houses, 529 apartment buildings, and 24 mixed-use buildings.

What’s Driving Change?

The fluctuating numbers suggest evolving dynamics in the real estate market. Discover more about the future trends and their implications on Cyprus’ economic growth and the effects of rising construction costs on this sector.

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SafeCY Launch: Enhancing Public Safety Through Modern Technology

by News Editor

June 15, 2025

The newly launched SafeCY application is transforming public safety in Cyprus, allowing citizens to find the nearest Civil Defense shelter in real-time. Launched by the Minister of the Interior, Konstantinos Ioannou, SafeCY is available on both the Google Play Store and the Apple App Store. This mobile application is not just a technological innovation; it is a proactive step towards enhancing the safety of Cyprus’ residents during emergencies.

Features of the SafeCY App

The app, accessible on both Android and iOS, supports both Greek and English languages, offering a user-friendly experience. Citizens can utilize GPS to find shelters based on their current location or search by address and postal code. Furthermore, the app integrates vital guidelines and information to ensure comprehensive awareness and preparation.

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Strengthening Emergency Response

SafeCY is part of a broader governmental strategy to leverage modern technology in fortifying timely public warnings. Its rollout represents a significant commitment to public protection, aligning with Cyprus’ overarching goals for sustainable growth by 2028, detailed in the economic strategy.