Property - Page 11

EU accepts compromise on VAT home discount

According to reports, Brussels would greenlight a compromise on reduced VAT for first homes, tabled by Cypriot MPs under pressure to beat the 8 June deadline of introducing legislation to harmonise Cyprus

22nd May 2023

Cyprus/Property

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

22nd May 2023

Markets/Property/World

Limassol suburbs flourish as the city ages

Out of the total of 52,259 buildings in the city and suburbs of Limassol, approximately 806 are new properties up to 10 years old, but the majority are over 50. In the

19th May 2023

Cyprus/Property

MPs near compromise on VAT home discount

MPs are seeking a compromise on the thorny issue of reduced VAT for first homes, under pressure to beat the 8 June deadline of introducing legislation to harmonise Cyprus’ laws with the

16th May 2023

Property

Invasion of the small contractors

The rising cost of construction in Cyprus, the restriction on the supply of suitable units in residential and central areas, VAT, the lack of titles, etc., have all turned the interest of

15th May 2023

Columnists/Comment/Cyprus/Property

Commercial, residential real estate moving in opposite directions

Real estate takes many forms, such as a place of business, for touristic purposes, and as a store of value, to name a few. It also impacts associated industries like building insurance,

14th May 2023

Columnists/Comment/Cyprus/Property

New housing loans drop by a third

Demand for housing loans dropped by almost 40% in the first quarter of the year, as Cypriot households are put off by rising interest rates, according to the Central Bank of Cyprus.

10th May 2023

Cyprus/Property

Real estate sales up 26% in Q1

Annual real estate transactions in Cyprus continued to rise in the first quarter of the year, as sales documents submitted are 26.6% higher compared to the same period last year, according to

8th May 2023

Cyprus/Property

Highly paid Ukrainians upset property market

Almost 10,000 highly skilled and highly paid Ukrainian refugees have joined the island’s work force, paving the way for a number of socioeconomic and demographic changes to the structure of Cypriot society.

2nd May 2023

Cyprus/Economy/Property

Cyprus raises bar for expat retirees

UK expats suffer collateral damage, as permanent residency criteria tightened UK and other non-EU pensioners eyeing a retirement home in Cyprus need to rethink their plans as authorities have raised the bar

1st May 2023

Cyprus/Property