Cyprus issued 772 building permits in July 2026, down 3% year on year, yet permits for new homes are up 60.5% over January–July, according to Cyprus Property News.
According to Cyprus Property News, citing the Cyprus Statistical Service, Cyprus issued 772 building permits in July 2026, 3% fewer than in the same month last year. The permitted projects were worth €418 million and covered 349,621 square metres. Residential buildings accounted for 559 of the permits, 306,191 square metres and €350.3 million of the project value. The permits provided for 1,944 new dwelling units. Residential apartment blocks accounted for 1,466 of them, with another 65 in mixed residential and commercial apartment blocks, 279 single houses and 134 homes in buildings with two housing units. The number of permits and the number of homes are different measures, as one permit can cover a project with many dwellings. The year-to-date picture is considerably stronger. From January to July, 5,173 permits were issued, up 23.3% from 4,195 a year earlier. Their value rose 36.5% to €2.99 billion, and the permitted area grew 37.1% to about 2.45 million square metres. The number of dwelling units covered by permits climbed 60.5%, from 8,128 to 13,044, with 9,298 units in residential apartment blocks (up 75.9%) and 2,039 in single houses (up 1%). Cyprus Property News notes that the statistics record permits authorised, including demolition permits and re-issued permits, while renewals and permits for the division of buildings are excluded. The figures do not show how many projects have actually started or how many homes have been completed.