Cyprus’ property market is feeling the brunt of hiking building costs and interest rates as Cypriots see their dream of owning a home dashed, with real estate stakeholders pinning their hopes on
The Finance Ministry seek to push the thorny issue of finding a compromise on reduced VAT for first homes to the next government after the European Commission’s latest warning against Cyprus over
Cyprus’ real estate sector will stabilise after hitting a record number of sales since 2008, as a growth trend following the pandemic is halted by rising building costs and interest rates. According
I want to share with you the various complaints that we receive, which concern the extent of the described properties on the titles of plots of land and fields. Until recently, I
The European Insurance and Occupational Pensions Authority (EIOPA) has released a discussion paper on proactively managing sustainability risks, focusing on the real estate sector. The paper highlights the crucial role that real
Across Cyprus, quarterly, sale values increased by 3.9% for apartments, 1.1% for houses, 0.6% for offices, and decreased by 0.3% for retail and 1.5% for warehouses, according to the Q3 Ask WiRE
These are scary times for families living in rented accommodation in the capital, as rents for a two-bedroom flat average more than the national minimum wage. Renting a two-bedroom flat of 80
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
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
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
