{"id":116043,"date":"2025-07-15T19:25:30","date_gmt":"2025-07-15T16:25:30","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=116043"},"modified":"2025-07-15T19:25:30","modified_gmt":"2025-07-15T16:25:30","slug":"cyprus-construction-sector-sees-strong-growth-in-2023-value-added-jumps-9-4","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/he\/cyprus-construction-sector-sees-strong-growth-in-2023-value-added-jumps-9-4\/","title":{"rendered":"Cyprus Construction Sector Sees Strong Growth in 2023, Value Added Jumps 9.4%"},"content":{"rendered":"<p data-start=\"265\" data-end=\"474\">Cyprus\u2019 construction industry continued its upward trajectory in 2023, with the sector\u2019s value added rising by 9.4% year-on-year, reaching \u20ac1.58 billion, according to the Statistical Service of Cyprus.<\/p>\n<p data-start=\"476\" data-end=\"740\">The data, released through the Construction and Land Development Survey, shows a significant expansion in the industry. The total production value across the wider construction field reached \u20ac6.23 billion, a 12% increase from \u20ac5.56 billion in 2022.<\/p>\n<h3 data-start=\"742\" data-end=\"777\">Growth Across All Project Types<\/h3>\n<p data-start=\"779\" data-end=\"950\">New construction activity played a major role in this growth, totaling \u20ac3.59 billion for 2023\u2014an annual increase of 5.9%. The breakdown by type of project reveals:<\/p>\n<ul data-start=\"951\" data-end=\"1130\">\n<li data-start=\"951\" data-end=\"995\">\n<p data-start=\"953\" data-end=\"995\">Residential buildings grew by 6.2%<\/p>\n<\/li>\n<li data-start=\"996\" data-end=\"1044\">\n<p data-start=\"998\" data-end=\"1044\">Non-residential buildings rose by 4.5%<\/p>\n<\/li>\n<li data-start=\"1045\" data-end=\"1130\">\n<p data-start=\"1047\" data-end=\"1130\">Civil engineering works (such as infrastructure projects) increased by 6.4%<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1132\" data-end=\"1163\">Employment Also on the Rise<\/h3>\n<p data-start=\"1165\" data-end=\"1353\">The sector also saw job creation, with employment rising by 4%. By the end of 2023, approximately 38,900 people were employed in construction, up from 37,500 the previous year.<\/p>\n<p data-start=\"1355\" data-end=\"1506\">The report highlights the construction industry\u2019s continued role as a vital contributor to Cyprus\u2019 economy, both in terms of investment and employment.<\/p>\n<p data-start=\"1508\" data-end=\"1542\"><em>Source: Cyprus Property News<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Cyprus\u2019 construction industry continued its upward trajectory in 2023, with the sector\u2019s value added rising by 9.4% year-on-year, reaching \u20ac1.58 billion, according to the Statistical Service of Cyprus. The data, released through the Construction and Land Development Survey, shows a significant expansion in the industry. The total production value across the wider construction field reached [&hellip;]<\/p>","protected":false},"author":9,"featured_media":116044,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/116043"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=116043"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/116043\/revisions"}],"predecessor-version":[{"id":116045,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/116043\/revisions\/116045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/116044"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=116043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=116043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=116043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}