Flats push up property prices

In Cyprus, annual residential property prices continued to rise 1.2% in the third quarter of 2021, primarily driven by apartment purchases. This is according to the Central Bank of Cyprus (CBC) Residential

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Real estate in pandemic recovery mode 

Cyprus’ real estate market continued its recovery this year, with some indicators exceeding pre-pandemic levels, according to a survey carried out by property analysts Delfi Analytics. In comments accompanying the survey, Delfi

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Homebuilding lacks craft control

The introduction of the European building system to adopt craftsmanship certificates for the various construction trades should be considered urgent. At present, whatever a “craftsman” declares they are, this is accepted assuming

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Reduce VAT on rented properties

In recent years residential rents have shown a noticeable increase, especially those in the town centres, with special regard to those close to universities and colleges. Rents are determined in a free

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Empty land should be taxed

For the past 15 years, I have expressed views on the need to tax vacant building plots and development land which is not in any use. Approximately 40% of the development land

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Two Limassol towers post-golden passports

Limassol is still seeing high-rise projects preparing to take off the ground, despite Cyprus’ golden passport scheme’s demise that put some luxury towers on ice. The island’s environmental body has given the

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