The number of new homes approved for construction in Cyprus rose 60.5 per cent to 13,044 in January to July 2026, from 8,128 in the same period last year, Cyprus Statistical Service (Cystat) figures show. The total value of building permits climbed 36.5 per cent to 2,986.9 million euros.
The rise was driven by apartment blocks, with 9,298 approved units, up 75.9 per cent, and by mixed-use blocks, where units increased 401.1 per cent to 902. Approvals for detached houses edged up 1.0 per cent to 2,039, while those for semi-detached houses grew 24.8 per cent to 805.
A total of 5,173 building permits were issued in the seven months, up 23.3 per cent from 4,195. Their total floor area grew 37.1 per cent to 2,447,061 square metres.
The value of residential permits climbed 56.9 per cent to 2,562.9 million euros from 1,633.6 million euros, 85.8 per cent of the total. Residential permits numbered 3,786, an increase of 19.5 per cent, and their floor area was up 56.6 per cent at 2,209,371 square metres.
The picture was different for non-residential buildings. The number of permits increased 5.2 per cent to 469 from 446, but their value fell 39.1 per cent to 276.1 million euros from 453.4 million euros. Their floor area was down 40.3 per cent at 218,663 square metres.
The value of permits for land division more than doubled, up 136.0 per cent to 39.2 million euros for 515 permits, as did road construction, which climbed 134.3 per cent to 9.0 million euros for 109 permits. Civil engineering permits grew 22.5 per cent in value to 99.6 million euros for 294 permits.
July
In July alone, 772 building permits were issued, 3.0 per cent fewer than the 796 issued in July 2025. They were worth 418.0 million euros, covered 349,621 square metres and provide for the construction of 1,944 homes.
Residential buildings accounted for 559 of the permits, worth 350.3 million euros, with the rest for land division, non-residential buildings, civil engineering projects and road construction.
Record output
This year’s growth builds on a recovery that has taken construction above pre-crisis levels, according to Cystat’s summary tables for 2008 to 2024.
Construction output reached a record 6,696.5 million euros in 2024, up 7.4 per cent from 2023. That was almost four times the low of 1.72 billion euros in 2014 and 35.8 per cent above the previous peak of 4.93 billion euros in 2008.
Employment in the sector reached 39,914 people, above the 39,400 of 2008, and value added increased 10.7 per cent to 1,747.5 million euros.
New construction was worth 3,823.8 million euros in 2024, up 6.4 per cent. The residential sector accounted for 67.4 per cent, or 2,576.2 million euros, with detached houses at 1,321.0 million euros and apartment blocks at 1,255.2 million euros, 60 per cent more than in 2008. Non-residential projects were worth 711.2 million euros and civil engineering projects 536.4 million euros.
