Creating affordable rents

There is a good initiative by the Cyprus Land Development Corporation (CLDC) to offer residential properties for rent at affordable levels. The announcement by this public organisation and others (i.e., Limassol Municipality)

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House building slows amid high costs

Building activity declined slightly, slowed by rising costs in the first six months of 2022 compared to the same period last year, official data shows. The construction sector’s activity fell slightly in

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Compromise VAT bill on new homes

The government has retabled a bill for reduced VAT on first homes, aiming to find the sweet spot between MPs’ concerns and the European Commission, which has initiated infringement proceedings against Cyprus

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No dream home for Millennials

Cyprus’ Millennials and Generation Z struggle to make the dream of owning their home, forced to rent a roof over their head, in line with the European trend, argue real estate agents.

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Real estate ownership balance shifting

Cyprus Central Bank’s recent financial stability report included some interesting data about the loans and properties that passed into the ownership of Credit Acquiring Companies (CΑCs), shedding a little more light on

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