We are often faced with the question of whether adding quality to a project or property will make it more valuable. This is not an easy question since it depends, amongst other
The property market in the capital is attracting strong interest from investors, as another multimillion project is in the pipeline. According to Kathimerini Cyprus edition, a new investment exceeding €60 mln is
The government is pushing forward with plans to introduce an expedited foreclosure court to fast-track financial disputes between borrowers and banks, affording some protection for 20,000 mortgaged primary residences. On Monday, a
While property prices and rents rise due to a shortage in supply, some 33,000 homes across the island are unused, the Cyprus Technical Chamber ETEK, advises the government to introduce incentives for
Under the fear of an increase in Non-Performing Loans, as the European Central Bank continues to push interest rates up, a heated debate is brewing over the right of defaulted borrowers to
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
