Cyprus building permits rise 18.3% in June 2026
Cyprus authorised 751 building permits in June 2026, while first-half permit numbers rose 29.5% and planned homes increased 67.8% compared with a year earlier.
Nicosia, Cyprus. Cyprus’ construction sector continued to expand strongly in June 2026, with 751 building permits authorised, an increase of 18.3 per cent compared with June 2025, according to the statistical service (Cystat).
Construction permits and planned homes increase
The permits authorised in June had a combined value of €469.5 million and covered 394,717 square metres, providing for the construction of 2,122 dwelling units.
During January to June, the number of permits reached 4,401, compared with 3,399 a year earlier, an increase of 29.5 per cent.
Their total value rose by 48.2 per cent to €2.57 billion, from €1.73 billion, while the authorised floor area increased by 47.1 per cent, from 1.43 million to 2.10 million square metres.
The number of planned homes rose by 67.8 per cent to 11,100 units, compared with 6,616 in the corresponding period of 2025.
Expert outlines potential implications of Lukoil deal
A potential major energy agreement involving Russia’s Lukoil could create new strategic opportunities for Cyprus and Greece and change Washington’s approach to the war in Ukraine, international relations expert Charalambos Chrysostomou said.
Speaking to the Cyprus News Agency (CNA), Chrysostomou said an agreement between the United States and Russia over Lukoil’s international assets could serve as a bridge between the two countries and influence the course of the war.
Reports have suggested that US President Donald Trump’s administration has included a multi-billion-dollar oil deal in negotiations with Moscow over ending the war.
The reported agreement concerns a broad portfolio of oil fields, refineries and fuel stations owned by Lukoil in several countries. Any such deal would require formal approval by both the United States and Russia.
Nicosia seeks more visitors from Greece
Nicosia is seeking to attract more visitors from Greece by promoting its culture, gastronomy, events and surrounding countryside as part of a year-round tourism offering, according to Nicosia regional tourism board (Etap Nicosia) president Theodoros Kringou.
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