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.
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
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
Three out of four Cypriots prefer to live in a house rather than a flat, while more than two-thirds own their own home, according to a recent Eurostat survey. In their annual
We are frequently asked around this time of year: is now the right time to sell? An optimal time to sell a property is when there is an increase in demand, record
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
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
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
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
Property prices in Cyprus have bounced back by 87% compared to the first quarter of 2008, according to a recent report by the rating agency DBRS. Real estate values have been climbing
