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Building permits increase over first six months

The Statistical Service announced Wednesday that the number of building permits authorized by the local authorities in June 2017 stood at 502.

The total value of these permits reached €141.3 million and the total area covered was 101,500 square metres.

These building permits provided for the construction of 381 dwelling units.

During the six month period January – June, 2,870 building permits were issued compared to 2,611 in the same period last year.

Their value also increased over the last year from €490.1 million to €655.3 million.

The total value of these permits increased by 33,7% and the total area covered by 31.1%.

Τhe number of dwelling units recorded during the first six months spiked 39.5%.

Building permits constitute a leading indicator of future activity in the construction sector.

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