Limassol property offers the highest yield for renting out an apartment, generating returns between 6.85% and 7.80%, while Larnaca has the highest growth prospect, according to a local real estate agency study.
The government has come under pressure from stakeholders following news that a state-sponsored affordable housing project in Limassol has gone south due to a lack of funds. The Cyprus Scientific and Technical
Increasing construction costs, the limited supply of suitable units in residential or central areas, VAT, and the lack of title deeds have turned the market’s interest in acquiring older homes. In most
Building permits issued in Cyprus in the first half of 2023 dropped by an annual 7.4%, with the value of the permits rising by 16.5% and the total area by 3.0%, Statistical
In response to the increase in interest rates, we’ve observed several budget adjustments among borrowers. Also, property buyers are currently opting for more deliberate and considered purchases. This means the duration required
It is a fact that in recent years, there has been a noticeable increase in the level of residential rents, especially in those located within town centres and universities or colleges. On
During an upward trend in property sales, the Real Estate Agents Registration Council highlighted the Larnaca district’s remarkable performance in the first half of 2023. According to data from the Land Registry
During any holiday season, especially the summer, many people go on vacation for an extended period, with complete neighbourhoods practically empty, so there is no protection of your property from prying eyes.
This is a reminder of the government’s role in housing and providing access to education and healthcare. Governments establish policies to address housing affordability, offer financial assistance for housing, and support the
There is a Cypriot saying that “Cypriots eat as if it is their last meal and build as if they will live forever”. This is a true reflection of the local reality,