FBoS Release No: 28, 2015 5th June 2015
BUILDING PERMITS ISSUED A total of 358 Building Permits for construction work valued at $43.0 million were issued in the March quarter of 2015. When compared to the December quarter of 2014, the number of permits issued and the total value for construction works approved recorded decreases of 13.3 and 40.0 per cent respectively. Graph 1
The percentage break-down and value of Building Permits issued by Division were as follows; Central (66.8 per cent with a value of $21.2 million), Western (31.8 per cent with a value of $21.4 million), Northern and Eastern (1.4 per cent with a value of $0.4 million). COMPLETION CERTIFICATES ISSUED A total of 119 Completion Certificates with a value of $21.1 million were issued in the March quarter of 2015. Compared to the December quarter of 2014, a 8.5 per cent decrease was recorded in the number of completion certificate issued while the total value for building works completed increased by 9.8 per cent. Graph 2
When compared to the March quarter of 2014, the number of completion certificates issued decreased by 20.7 per cent and the total value of building works completed increased by 39.0 per cent. Of the $21.1 million in building works completed, 17.7 per cent were for Private Dwellings, 75.7 per cent were for Non Private dwellings and the remaining 6.6 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. The percentage break-down and value of Completion Certificates issued by Division were as follows; Central (61.3 per cent with a value of $8.6 million) and Western (38.7 per cent with a value of $12.5 million). The figures in this release are derived from information provided by the City and Town Councils and Rural Local Authorities. CLICK HERE FOR RELATED TABLES 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. For further enquiries please contact Mr. Antonio Sokomuri on email mailto:" or telephone 331 5822 ext (386 245) or direct line 323 0842. Building Statistics for June quarter of 2015 will be released on 4th September, 2015.