By analysing the total number of sales contracts deposited in the Land Registry Office during the first five months of each year, it becomes evident the Cyprus real estate market is experiencing
We tend to think that Cyprus has a problematic legal system with the result that in addition to the time it takes to secure a court decision, those in the wrong get
Nicosia hopes to convince Brussels to end a legal process against Cyprus after MPs approved a law on 5% VAT for smaller first homes, which falls short of an EU directive. The
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
Increased construction costs and demand led house prices to continue their upward trend during the fourth quarter of 2022, with the Residential Property Price Index (RPPI) up by 6.6% year-on-year. It compares to
The adoption of the national healthcare system (the GHS), introduced four years ago, is costing the government of Cyprus and its people several billion a year. The compensation paid to doctors and
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
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
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
Cypriot MPs made a U-turn over a compromise on reduced VAT for smaller first homes, backed by the European Commission. MPs increased the total area of the home entitled to reduced VAT
