Cyprus sees building permit growth in first seven months of 2026

According to data from the Statistical Service of Cyprus (Cystat), the construction sector showed significant growth during the first seven months of 2026. A total of 5,173 building permits were issued between January and July, marking a 23.3 percent increase compared to the 4,195 permits recorded during the same period in 2025. This growth was accompanied by a 36.5 percent rise in total value, reaching approximately €2.99 billion, and a 37.1 percent increase in total area. The number of planned residential units rose by 60.5 percent, totaling 13,044 units compared to 8,128 in the previous year.

In contrast to the seven-month performance, July 2026 saw a minor monthly decline in activity. Specifically, 772 building permits were issued, a 3 percent decrease compared to July 2025. These July permits represented a total value of €418 million and covered 349,621 square meters, providing for the construction of 1,944 new residential units. While residential projects experienced significant expansion, some sources indicate that non-residential buildings faced a decline in area and value during this period.