Property - Page 24

Real estate sector demand rising

Demand for real estate of all types in Cyprus remains on an upward trend, according to the latest edition of the RICS Cyprus Property Price Index with KPMG. In the latest edition

16th February 2022

Cyprus/Property

Finance Minister warns against rejecting VAT directive

Finance Minister Constantinos Petrides warned MPs that any tampering with a European Union directive to reduce the size of homes entitled to lower 5% VAT could invoke sanctions. Addressing MPs concerns over

14th February 2022

Cyprus/Property

Cyprus attracting investors eyeing secondary residency

Despite the demise of its golden passport scheme, Cyprus is still high in the preference of foreign investors looking for a secondary residence. According to Henley and Partners ‘Best Investment Migration, Real

12th February 2022

Cyprus/Property

Residential market powers ahead, commercial wobbles

Across Cyprus, quarterly sale values increased by 1.4% for apartments and 0.5% for houses and decreased by 0.5% for retail, 2% for warehouses and 0.3% for offices, according to the WiRE Property

10th February 2022

Cyprus/Property

Affordable housing funded from casino revenue

Some 15% of state revenue from the soon-to-be operational new casino resort will help build affordable government housing. The Cyprus Land Development Corporation’s 2022 budget will rise to €11.6 mln from about

9th February 2022

Cyprus/Property

Property rules need changing

It seems that despite the initial lukewarm reaction by politicians to properly investigate poor management of the Cyprus economy (many of whom have only themselves to blame), we are now experiencing the

6th February 2022

Comment/Property

January property sales outperform 2019

The real estate market is back on track following the pandemic and demise of the Citizenship for investment scheme, as property sales in January exceeded those in the same month in pre-COVID

4th February 2022

Cyprus/Property

Flats push up property prices

In Cyprus, annual residential property prices continued to rise 1.2% in the third quarter of 2021, primarily driven by apartment purchases. This is according to the Central Bank of Cyprus (CBC) Residential

24th January 2022

Cyprus/Property

House prices climbing slowest in Europe

House prices in Cyprus are rising but climbing at the slowest annual rate in Europe, according to Eurostat data. Cyprus’ House Price Index for the third quarter of 2021 increased by 2.4%

15th January 2022

Europe/Property

Central bank warns rising costs could derail house prices

The Central Bank of Cyprus has expressed its concern over the soaring price of building materials, sending the cost of construction to skyrocket to new highs and pushing property prices further up.

11th January 2022

Cyprus/Property