Cyprus - Residential Building Permits

Cyprus: Residential Building Permits

Mnemonic	HPMTR.ICYP
Unit	#, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	2.21 %
Data	Dec 2022	443
	Nov 2022	453

Series Information

Source	Statistical Service of the Republic of Cyprus (CYSTAT)
Release	Building permits by type of project
Frequency	Monthly
Start Date	1/31/2003
End Date	12/31/2022

Cyprus: Real Estate

	Reference	Last	Previous	Units	Frequency
Building Permits	Dec 2022	618	639	#, NSA	Monthly
Non-residential Building Permits	Dec 2022	72	76	#, NSA	Monthly
Residential Building Permits	Dec 2022	443	453	#, NSA	Monthly
House Price Index	2022 Q3	85.01	83.25	Index 2010Q1=100, NSA	Quarterly
House Price Index for Existing Homes	2022 Q3	105.1	104.37	Index 2015=100, NSA	Quarterly
House Price Index for New Homes	2022 Q3	115.32	107.54	Index 2015=100, NSA	Quarterly
Dwelling Stocks	2020	466	460	Ths. #	Annual

Release Information

Description

For Cyprus, the monthly national total of building permits by 23 types of residential and non-residential real estate. For each type, metrics include value, area, count of permits and count of dwelling units.

Properties

Active:

Classification: CC 1996
Measurements:
- Unitary count of permits or dwelling units (#)
- Euros (EUR)
- Square meters (m²)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Monthly
Start date: As early as 2000m1
Lag: 6 to 8 weeks
Geo coverage: (No breakdown carried by Data Buffet)

Predecessor:

In CYP - 2003 to 2007

Methodology

"Big" projects are those with areas greater than 900 square meters.

Project type is classified by the numeric coding "CC 1996," sections 11 (111, 112, 113), 12 (121-127), 2, 3 and 4.

Moody's Analytics supplements

For the count of buildings, for select concepts (single houses and apartments-proxy) we compute seasonally adjusted (SAAR) supplements using X-13ARIMA-SEATS.

Revisions

For reported data, none. For the Moody's Analytics SA supplements, we recalculate seasonal factors annually.