By Pavlos Loizou, CEO of Ask Wire
Ask Wire’s analysis of building permit data issued by the Cyprus government unveils significant insights into the construction sector’s dynamics, especially in light of demographic shifts and the evolving demand landscape. With an average of approximately 11,000 permits granted annually since 2020, the capacity to house around 28,000 individuals annually emerges—based on the average household size of 2.3 persons. This development occurs against the backdrop of Cyprus’s aging and declining native population,
