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
A significant investor risk for landlords is when tenants don’t pay. This is because the system depends on tenants paying rent in full and on time. Serious problems can arise for all
When you see notices for auctions or foreclosures for the sale of real estate, you can only wonder if the managers, owners, or investors can dispose of these properties correctly. In many
Expensive properties are sold for millions of euros but are recorded as having zero value with the Land Registry, meaning the state is missing out on sizeable tax revenues, according to opposition
Interior Minister Constantinos Ioannou said Cyprus’ real estate investments would continue upward in 2023 despite being affected by adverse conditions and external shocks. Speaking at the 17th Land Development Conference in Nicosia,
The inflation rate in Cyprus is declining but still high [at 6.7% in February]. Interest rates are low, 1.29% for household deposits and 1.27% for business deposits. In addition, there are no
