Housing booms are over as prices fall

Housing booms across many advanced economies are coming to a halt due to rising mortgage rates and weak economic growth prospects, according to Moody’s analysis. “Slowing home sales and a moderation of

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No remedy for rising rents

Rising rents, and the lack of supply of apartments for rent, do not resolve the problem but will impact the market’s future. This causes issues for Cypriots and makes it difficult to

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Is it better to rent or buy?

Is it best to buy or rent? Unfortunately, this is a recurring issue that most young people with limited funds and other buyers need to address from time to time. When one

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DIY renovations prove costly

More expensive building materials has put a price crunch on owners planning to invest in renovating their home. In October, according to the Cyprus Statistical Services, the price index of construction materials

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Online auctions can’t be trusted

For those interested in buying real estate through electronic (or other) auctions, I keep noting various scams that surface, resulting in the unsuspecting public or buyers as the victims. Initially, an auction

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Scary rents for scary times

With the constant demand for residential units, the rental situation has been a concern for some time, to the extent that it affects the Cypriot market, especially middle to lower-income groups. The

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