The total cost of restoring structures damaged during July’s inferno in Limassol district amounts to €37.95 million, according to the Scientific and Technical Chamber (Etek). This staggering figure reflects the severity of the destruction caused by the fire, which left a significant mark on the community.
Etek’s statement on Tuesday revealed that they received around 760 applications for damages related to buildings and other structures. However, about 100 of these applications were discarded as they pertained to vehicles, mechanical equipment, or to buildings lacking proper permits or insurance.
Restoration costs: Assessment of Damaged Properties
Out of the 650 cases that were thoroughly examined, approximately half reported total destruction, while the remainder indicated partial damage. The analysis highlighted that around 220 properties sustained what was classified as minor damage, with an average restoration cost estimated at €3,700. In contrast, about 100 properties were assessed as moderately damaged, with restoration costs averaging around €30,000.
Financial Impact of Total Losses
For the buildings that were completely gutted, the restoration costs varied widely, but averaged at €115,000. When applied to the 330 cases identified as total losses, this equates to a total of €37.95 million. This figure represents approximately 90 per cent of the overall restoration cost for all damaged structures, which totals an estimated €41.1 million.
Collaboration and Methodology
Etek’s findings align closely with a report released in late August by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) of the US government. The ATF reported that the fire had completely gutted 224 homes, while 308 other residences were partially burned. Additionally, the fire resulted in the destruction or damage of around 300 vehicles.
Damage assessors from Etek commenced their evaluations on August 5, following a meeting with Interior Minister Constantinos Ioannou. The assessment teams utilised current property prices per square metre to ensure accurate evaluations.
“Based on the methodology and process followed, we ensured to a very satisfactory extent speed, transparency, standardisation, mass identification and traceability,” Etek stated, underscoring their commitment to a thorough assessment process amidst the challenging circumstances.
