The pace of construction has slowed in Cyprus

According to the Statistical Service of Cyprus (The Cyprus Statistical Service) the volume of construction in the country declined slightly this year. In particular, in July of this year, municipal authorities and regional administrations have been issued 546 permits for the construction of 1028 residential real estate, which is 11.5% less than in July 2009. In general, in the first seven months of this year it was allowed the construction of 6492 residential real estate, which is 8.6% less than last year. On this Site: Cyprus Property News