BUILDING STATISTICS - December & Annual 2014

FBoS Release No: 06, 2015

6th March 2015


DECEMBER QUARTER 2014

A:  BUILDING PERMITS ISSUED

A total of 403 Building Permits for construction work valued at $71.2 million were issued in the December quarter of 2014.

Compared to the September quarter of 2014, a 8.3 per cent increase was recorded in the number of permits issued and the total value for construction works approved also increased by 17.9 per cent.

Graph 1

buildDec14a

When compared to the December quarter of 2013, the number of permits issued and their values were 4.9 and 40.5 per cent higher respectively.

Of the $71.2 million of building works approved, 26.9 per cent were for Private Dwellings, 68.1 per cent were for Non Private dwellings and the remaining 5.0 per cent were for Alterations and Miscellaneous work. Building Permits issued for Factories, Commercial, Educational, Hotels and Religious Buildings contributed significantly to the Non Private dwellings component.

Of the total number of Building Permits issued, 58.3 per cent with a value of $41.5 million were issued for the Central Division, 37.0 per cent with a value of $26.3 million were issued for the Western Division and 4.7 per cent with a value of $3.4 million were issued for the Northern and Eastern Divisions.

B:  COMPLETION CERTIFICATES ISSUED

A total of 126 Completion Certificates with a value of $18.8 million were issued in the December quarter of 2014.

Compared to the September quarter of 2014, the number of completion certificates issued and their values were 0.8 per cent and 55.6 per cent higher respectively.

Graph 2

buildDec14b

When compared to the December quarter of 2013, the number of completion certificates issued and their values were 1.6 and 2.4 per cent higher respectively.

Of the $18.8 million in building works completed, 27.8 per cent were for Private Dwellings, 65.0 per cent were for Non Private dwellings and the remaining 7.2 per cent were for Alterations and Miscellaneous work. Completion Certificates issued for Hospital, Factories, Educational, Commercial, Hotels and Religious Buildings contributed significantly to the Non Private dwellings component.

Of the total number of Completion Certificates issued, 60.3 per cent with a value of $11.3 million were issued for the Central Division, 38.1 per cent with a value of $7.2 million were issued for the Western Division and 1.6 per cent with a value of $0.3 million, were issued for the Northern and Eastern Divisions.

ANNUAL 2014

BUILDING PERMITS ISSUED

Provisional data on the total number of Building Permits issued in 2014 was 1,501 with a value of $219.8 million. Compared to the previous year when the total number issued was 1,412 with a value of $199.2 million, this is a 6.3 per cent and 10.4 per cent increase in Building Permits issued and the total value of construction works approved respectively. 

COMPLETION CERTIFICATES ISSUED

Provisional data on the total number of Completion Certificates issued in 2014 was 542 with a value of $108.6 million. Compared to the previous year when the total number issued was 506 with a value of $54.6 million, this is a 7.1 per cent and 99.0 per cent increase in Completion Certificates issued and the total value respectively.

The figures in this release are derived from information provided by the City and Town Councils and Rural Local Authorities.

Summary tables of Building Permits and Completion Certificates issued are attached. Please note that the data for December quarter and Annual of 2014 is still provisional therefore subject to revisions.

Users of Building Statistics should exercise caution in interpreting statistics relating to the Building Permits and the Completion Certificates issued for specific periods due to the time lag between the Building Permits issued and the Completion Certificates issued. Thus, proper care should be taken when using these figures.

CICK HERE FOR RELATED TABLES

For further enquiries please contact Mr. Antonio Sokomuri on email or Telephone 331 5822 ext 386245 or Direct Line 323 0842.

Building Statistics for March quarter of 2015 will be released on 6th June, 2015.