This is a reminder of the government’s role in housing and providing access to education and healthcare. Governments establish policies to address housing affordability, offer financial assistance for housing, and support the
There is a Cypriot saying that “Cypriots eat as if it is their last meal and build as if they will live forever”. This is a true reflection of the local reality,
Across Cyprus, annual prices increased by 12.2% for apartments, 4.6% for houses, 4.4% for offices, 1.2% for retail, 8.8% for holiday flats, 3.7% for holiday homes, and decreased by 1.5% for warehouses,
The Cyprus real estate market recorded an upswing during the first quarter of 2023, with prices continuing to rise, particularly for flats, driven by increased demand. According to data published Tuesday by
There is growing interest in mountain resorts, especially those in the Troodos area. For the flagship of mountain resorts, Pano Platres, there has been intense interest and market mobility for real estate
Cyprus’ top 50 real estate transactions in June yielded a combined €79 mln, according to Ask WiRE figures. Ask Wire compiled the total value of the ten most expensive property transactions completed
Renting in Limassol has become a mission impossible, as real estate agents now report that long waiting lists are being formed, a first for the coastal city. High earners relocating to Cyprus,
The foreclosure row rumbles on as the latest episode in the saga played out when parliament voted against two non-government bills regarding the rights of borrowers defaulting on their mortgage. At the
Last year housing transactions in Cyprus increased by 27.4% compared to 2021, the largest rise recorded in the 16 EU countries for which data is available. According to Eurostat, the number of
The government greenlighted the mortgage-to-rent scheme, the latest lifeline for defaulted borrowers, following approval from the European Commission. Government spokesperson Konstantinos Letymbiotis on Wednesday told reports the scheme will be going ahead.
