Despite high inflation, Cyprus’ property market has maintained solid growth during 2022, thanks to demographic changes through high-tech companies and Ukrainian refugees fleeing Russia’s invasion, say real estate analysts. In comments to
When deciding where and when to build the new Ayia Napa-Paralimni golf course, the primary concern should be the Public Interest for the benefit of the area and economy, while the classification
Annual Q1 Cyprus property prices increased by 12.3% for apartments, 3.1% for houses, 2.4% for offices, 8% for holiday flats and 3.1% for holiday homes, but decreased by 0.1% for retail and
The European Parliament recently passed a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the real estate markets of Cyprus and
Annual real estate transactions continued to rise in the first three months of the year, as sales documents submitted are 51.1% higher than those recorded in the same period pre-COVID 2019. According
Eurostat recently published comparative rents, compiled with our contribution, for apartments and houses in the capitals of EU states, showing Nicosia has cheaper rents than most. The data also indicates that Nicosia
Brussels may not be keen on greenlighting the Mortgage-to-Rent scheme, the latest lifeline to defaulted borrowers, despite authorities declaring it is ready to go. News site Stockwatch reported the scheme has been
Cypriots are being squeezed out of the property market as they can’t afford climbing rents, while construction costs and interest rates make homes unaffordable, say real estate agents. Talking to the Financial
In the fourth quarter of 2022, annual house prices in Cyprus increased by 4.4% but dropped by 4.0% compared to the third quarter, according to Eurostat. On the EU level, during Q4
The Finance Ministry seeks a compromise with the House on the thorny issue of reduced VAT for first homes by increasing the property’s value rather than tampering with size criteria. Authorities have
