New publication: Construction and Housing Statistics, 2013
The Statistical Service announces that it has published the annual
report “Construction and Housing Statistics, 2013”. The report contains detailed
data on the construction sector, pertaining, inter alia, to output, capital
formation, inputs, new dwellings completed, building permits authorized, labour
cost index and price indices of construction materials.
The main developments in 2013 were:
(a) The
construction sector continued for the fifth consecutive year to be in
recession. The rate of growth of the sector in 2013 (in terms of value added
at constant
prices ) is provisionally
estimated to have recorded a decrease of 30,6 % compared to a decline
of 19,3 % in 2012.
(b) The
gross output of the sector at current market prices was reduced in 2013 by
23,7
% to €
1.796,8 million
compared to €
2.356,4 million
in 2012. The
subsector of buildings construction and civil engineering recorded a decrease of
20,6
%, while the subsector of land and buildings development registered a decline of
37,3
%.
(c) New residential buildings accounted for 24,7% of the total gross
output of the subsector of buildings construction and civil engineering, new
non-residential buildings (offices, shops, hotels, factories, etc.) for 18,8%
and new civil engineering projects (roads and bridges, water supply and sewerage
networks, telecommunications and electricity lines etc.) for 36,6%, while
repairs, maintenance and others accounted for the remaining 19,9%.
(d) Employment
in the sector was reduced from 27.843
persons
in 2012 to 22.852
persons
in 2013 and accounted for 6,6
% of the gainfully employed population.
(e) The
number of persons registered as unemployed increased from 6.177
persons in
2012 to 7.263
persons in
2013.
(f) Labour cost in construction decreased by 8,5% compared to an increase
of 1,2% in 2012. The price index of construction materials recorded a decline of
0,4% compared to an increase of 0,8% in 2012.
(g) The number of new dwellings completed decreased by 41,6% to 3.833
dwelling units compared to 6.565 in the previous year. By administrative
district, the number of new dwellings is distributed as follows: Lefkosia
(Nicosia) 1.400, Ammochostos (Famagusta) 264, Larnaka 644, Lemesos (Limassol)
833 and Pafos 692.
(h) The
average area per dwelling completed
,
in 2013
,
was 235 square metres for houses and 144 square metres for apartments, compared
to 234 and 128 respectively in 2012.
(i) The cost of construction per square metre (excluding the value of
land) decreased from €988 in 2012 to €976 in 2013 for houses, while it increased
from €832 in 2012 to €900 in 2013 for apartments.
(j) The dwelling stock at the end of the year amounted to 441 thousand
dwelling units, of which 61,0% were in the urban areas.
An electronic version of the report can be downloaded free of charge
from the web site of the Statistical Service at the address www.cystat.gov.cy
, under the section Publications. Within the coming days,
the paper publication will also be made available for sale from the Government
Printing Office in Nicosia at the price of €10,00 per copy.
______________
19 March, 2015
