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.