The soaring cost of living and higher interest rates are taking their toll on the construction industry, as building permits dropped in the first eight months of the year. According to data
Despite the energy crunch and cost of living crisis, the Cyprus real estate market is witnessing rapid growth amid economic uncertainty. For the first ten months to October 2022, property sales were
Despite the adverse economic conditions, the Cyprus real estate market saw a 34% increase in the value of property transactions in the third quarter, rising to €1.65 bln from €1.2 bln in
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
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
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,
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
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
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
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
