Value of building permits in Cyprus declines sharply as Covid takes its toll on large projects

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The value of building permits issued in Cyprus in the period of January – November 2020 declined by 23% year on year, mainly affected by the impact of the coronavirus pandemic on large-scale projects. According to data released by the Statistical Service of Cyprus (Cystat) total building permits issued in Cyprus in January – November amounted to 6,375 compared with 6,571, down by 3% year on year. However, the value of those permits amounted to €1.6 billion marking a reduction of 23% …

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