Building permits in 2020 declined by 2.7% with value dropping by 27.3%

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Building permits issued in Cyprus in 2020 declined by an annual 2.7% with the value however dropping by an annual 27.3% due to the reduction of permits issued for large projects which were affected by the coronavirus pandemic. According to data published on Tuesday by the Statistical Service of Cyprus, a total of 7,023 building permits were issued for the period of January – December 2020 compared with 7,218 permits issued in the respective period of last year. According to Cystat, the …

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