Property - Page 18

Home-owning dream turns to nightmare

The dream of owning a home is becoming a nightmare for Cypriot millennial couples as a 20% increase in prices in the past year has made buying a house impossible, with the

22nd October 2022

Cyprus/Property

Real estate safe from EU property bubble

Cyprus’ banking and real estate sectors will not be affected by a possible bubble from overheating of the residential market in the European Union, say local stakeholders. In a recent survey carried

16th October 2022

Europe/Property

Burning issue of unaffordable student rents

Since 1980 we have been writing about issues concerning the construction industry, and in our approximately 1,500 English articles, we tackled the problems expressing our suggestions for their correction. In recent months,

15th October 2022

Comment/Property

House prices up 4.7% due to construction costs

An accelerated increase in house prices was recorded in the second quarter of 2022, mainly due to rising construction costs, the Central Bank of Cyprus said in its quarterly property report. The

7th October 2022

Cyprus/Property

Property sales best since 2008

Cyprus’ real estate sector is proving to be resilient, as it has recorded its best nine months of sales since 2008, according to Land Registry data. According to the latest data, sales

4th October 2022

Cyprus/Property

Homes adapt as circumstances change

In the Special Theory of Relativity, Einstein determined that time is relative—in other words, the rate at which time passes depends on your frame of reference. My grandmother Marina used to tell

4th October 2022

Comment/Property

Annual property sales jump 18%

Property sales increased by 18% during the first nine months of 2022, compared to the same period last year. Also, the number of sale agreements submitted to the Land Registry increased by

3rd October 2022

Cyprus/Property

Demand for offices boosts property market

Cyprus’ real estate sector is proving remarkably resilient, shrugging off the effects of hiking inflation as demand for housing units and office space continues to grow. The property market is backed by

26th September 2022

Cyprus/Property

MPs seek deal on reduced VAT for new homes

MPs seek a compromise on reduced VAT for first homes after the European Commission initiated infringement proceedings against Cyprus over the discount. Green MP Stavros Papadouris has tabled a bill that sees

23rd September 2022

Cyprus/Property

Real estate prices, rents continue to rise

Across Cyprus in Q2, quarterly property sale values rose 2.9% for apartments, 0.5% for houses and 0.1% for offices, and decreased by 0.3% for retail, and 0.2% for warehouses, according to the

22nd September 2022

Cyprus/Property