Building permits decline in Q1

Building permits issued in the first three months to March declined by an annual 6.9%, but the total construction area and property value rose. According to the latest data by the Cyprus

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House confident of latest VAT homes bid

Cypriot MPs are confident their latest compromise on reduced VAT for smaller first homes will convince Brussels to waive an infringement process launched against Cyprus. In comments to the Financial Mirror, the

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Property market too tight to mention

Cyprus is facing a housing crisis, as young couples are locked out of the property market by skyrocketing prices, while supply is quickly diminishing due to thousands moving to the island. President

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€856 mln development to upgrade Limassol

A large-scale mixed-use development project is in the pipeline in Limassol’s Agia Fyla aims to transform the area into an innovation and business hub. Costing €856 mln, the project’s developers envision world-class

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Signs of life in U.S. homebuilding

By Moody’s Analytics   U.S. homebuilding has found a floor following an almost year-long slide in building activity. Total housing starts ticked higher in April, climbing 2.2% to 1.4 million annualized units. Multifamily

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