Annually, average Cyprus real estate prices increased by 9.9% for apartments, 1.0% for houses, and 0.3% for offices, according to the Q4 2022 Ask WiRE property index. Sales prices also increased by
The former minister of the Environment of Ireland (Alan Kelly) announced that developers should build affordable accommodation for Ireland’s citizens – “Get Real”, he added and “build accommodation which is affordable to
Construction costs and increased demand from foreign and Cypriot buyers contributed to the acceleration in house price increases during the third quarter of 2022. According to the Central Bank, the Residential Property
Subject to minimum acceptable standards, I am often asked whether the quality of an office matters in terms of attracting business. Before we answer this question, there are some important basic requirements
Despite the property market generating €6 billion in sales in 2022, real estate agents expect a challenging 2023. Releasing its quarterly “Real Estate Market Bulletin”, the Cyprus Real Estate Registration Council said
One wonders what is in store regarding real estate in Cyprus in the year ahead. The past year saw a positive trend, with new sales showing a 35% increase in real estate
The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing. One year later, the disruptions
Increased mortgage rates have dashed dreams of owning a home, leaving many in a catch-22 situation as rents are rising, exceeding what families pay in monthly instalments for a housing loan. Interest
Brussels hinted at approval for the mortgage-to-rent scheme for distressed borrowers, urging Cypriot authorities to create a company dedicated to managing it. The European Commission’s Directorate-General of Competition has instructed the Ministry
Although Cyprus is considered a safe country and perhaps the safest in the EU, the real estate market has begun to pay increased attention to security, which increases the value of a
