Building activity across Cyprus experienced noteworthy growth during the first ten months of 2025. Both the quantity and scale of approved construction projects rose substantially, as detailed in the recent report by the Cyprus Statistical Service (Cyprus Statistical Service). District Local Government Organisations (DLGOs) have greenlit more permits for larger, higher-value developments, signaling confidence in the island’s property market.
October 2025 alone saw 855 building permits issued. From January through October, a total of 6,490 permits were granted, indicating a 9.0% increase compared to 5,955 permits during the same period in 2024. This steady rise underscores continued momentum in both residential and commercial construction sectors.
Not only did the number of permits increase, but so did the scale of projects. The combined floor area of authorized constructions jumped by 30.7%, reaching over 2.6 million square metres compared to just under 2 million sqm in 2024. Meanwhile, the total project value climbed 27.7% to €3.214 billion from €2.516 billion the previous year.
Residential construction spearheaded this growth with a sharp rise in permits, floor area, and project value:
Conversely, non-residential permits dropped by 29.1%, yet the floor area and value of these projects both recorded increases of 10.9% and 22.9%, respectively, pointing to fewer but larger commercial developments.
Civil engineering permits grew by 12.7%, with an impressive 51.6% jump in floor area, but the overall project value declined slightly by 6.3%. Permits for plot divisions climbed 13.2%, despite a 13.8% dip in value. Road construction permits suffered a pronounced decline — down 42.4% in number and 39.9% in value — possibly reflecting infrastructure project delays or budget constraints.
The surge in permits is expected to translate into 12,770 new residential units—a substantial 33.1% increase over last year’s 9,591 units, marking the highest volume recorded since 2009. Breakdown by housing type reveals:
The particularly strong growth in apartments highlights enduring demand for urban, high-density living spaces. This trend is essential knowledge whether you’re browsing cheap apartments for sale in Cyprus or looking for long-term investment opportunities.
Most districts recorded significant increases in approved floor area between January and October 2025:
Looking at five-year trends from 2019, Larnaca leads with an impressive 79.1% increase in approved floor area, followed by Nicosia with 66.5%. Meanwhile, Famagusta and Limassol have seen slight declines over this period (-5.3% and -4.8% respectively), while Paphos experienced a modest 1.6% growth.
The data from 2025 points to a vibrant construction market with residential projects at the forefront. This growth aligns with increased demand for diverse housing options, including detached houses, apartments, and semi-detached units. For buyers exploring options, whether you’re looking for cheap houses and villas for sale in Cyprus or other property types, understanding these trends is key to making informed decisions.
While some sectors like road infrastructure have experienced setbacks, the overall trajectory for housing and commercial developments remains positive, reflecting Cyprus’s ongoing appeal as a desirable real estate destination.
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