Momentum in Cyprus’ real estate market after two years of Covid lockdowns and restrictions is surviving the cost-of-living crisis and raw material hikes powered by the Ukraine war, say stakeholders. In comments
Cyprus’ Airbnb industry is enjoying a comeback following more than two years of lockdowns and travel restrictions, as it grew by 20% in tourist resorts in the second quarter of 2022 compared
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.
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
Limassol’s development as a business hub and a destination for international technology companies has kept its real estate sector alive after the demise of the golden passport scheme in late 2020. The
The real estate and construction sector is recognised as one of the most important pillars of the Cypriot economy. That is due to its contribution to the Gross Domestic Product (GDP), which
Currently, the real estate sector is not a destabilising factor for the banking system, nor are there concerns over a property bubble or residue from the defunct Citizenship for Investment scheme, argues
As the purchase cost/sale prices of new units (apartments) increase, so does the difference between older and new units. If we compare the selling prices of new residential units, which are now
Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily by foreign investors who are trying to appreciate how the rise
Cyprus’ older buildings must undergo immediate inspection, while authorities should introduce mechanisms to prevent incidents like the collapse of two balconies in Paphos from happening again. The Scientific and Technical Chamber of
