Sharp rise in new homes construction November 15, 2020 There was a sharp rise in the number of building permits authorised in August for the construction of new homes according to official statistics released by the Cyprus Statistical Service. In August 2020 a total of 523 building permits were authorised. The total value of these permits reached €192.1 million and the total area 147.6 thousand square metres. The 523 permits were authorised for: Residential buildings – 373 Road construction – 10 Building permits for new homes The 373 residential building permits authorised provided for the construction of 790 new homes. These comprised 311 single homes; an increase of 43.3% compared to the 217 authorised in the same period last year – and 479 multiple housing units including apartments, semis, townhouses and other residential complexes; an increase of 55.5% compared to the 208 authorised in August 2019.