Real estate in pandemic recovery mode 

Cyprus’ real estate market continued its recovery this year, with some indicators exceeding pre-pandemic levels, according to a survey carried out by property analysts Delfi Analytics. In comments accompanying the survey, Delfi

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Homebuilding lacks craft control

The introduction of the European building system to adopt craftsmanship certificates for the various construction trades should be considered urgent. At present, whatever a “craftsman” declares they are, this is accepted assuming

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Reduce VAT on rented properties

In recent years residential rents have shown a noticeable increase, especially those in the town centres, with special regard to those close to universities and colleges. Rents are determined in a free

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Empty land should be taxed

For the past 15 years, I have expressed views on the need to tax vacant building plots and development land which is not in any use. Approximately 40% of the development land

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Two Limassol towers post-golden passports

Limassol is still seeing high-rise projects preparing to take off the ground, despite Cyprus’ golden passport scheme’s demise that put some luxury towers on ice. The island’s environmental body has given the

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Residential property demand on the rise

Residential property sales are on the rise, with Cyprus real estate stakeholders confident that an upward trend in demand and, consequently, prices recorded in 2021 will continue next year. Although short of

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