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The number of building permits in Cyprus has increased

The number of building permits in Cyprus increased by 41%
In October 2017, the number of new building permits in Cyprus increased by 41% compared to the same period in 2016. This is reported by the portal Cyprus Property Buyers with reference to the data of the Statistical Office of Cyprus.

The total number of building permits issued during this period was 536 compared to 449 a year earlier. The total value for which the property will be built under the new licenses also increased, by 8.9% to € 195 million. Construction of 543 residential buildings was approved in October 2017. Of these, 211 were in detached houses and 322 in multi-apartment buildings (+ 41% compared with the figures for October 2016).

HomesOverseas.ru

https://www.homesoverseas.ru/news/Chislo_razreshenij_na_stroitelstvo_na_Kipre_vyroslo_na_41

For many years, the capital of the island of Cyprus, Lefkosia, has held the first place in the number of low-rise buildings among the capitals of the European Union countries. The thing is that Cyprus still has a law prohibiting the construction of buildings of more than 12 floors. Recently, however, the island’s authorities have thought that it is necessary to keep up with the times, and in January-February 2011 they published new building rules in major cities.
Even the first swallows of indulgences have already appeared. Recently, a 40-story skyscraper project was approved for Nicosia Landmark, to be implemented by a joint Japanese-Cypriot company. This skyscraper will be located in the central part of the capital opposite Starbuck’s Cafe. One of the Limassol companies also intends to erect a 25-storey building right on the embankment of the city. Larnaca does not want to fall behind the leaders. There are already plans to build two towers of 25 floors in Finikoudes Alley. So property in Cyprus will become more diverse.
However, despite the current trends, the authorities of the island promised to closely monitor that when choosing a site for new high-altitude projects, all local realities were taken into account: for example, ensuring sufficient parking spaces for projects.



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