Cyprus’ House Price Index (HPI) in the second quarter of 2021 reached 104.07 units, registering an annual decline of almost 5% as the market struggles to overcome the pandemic, according to the
Nicosia is driving the Real Estate market with total property sales in the capital in the first nine months of 2021, exceeding that recorded pre-coronavirus pandemic. Sales in the capital increased by
Building material prices in Cyprus soared in the first half of the year, sending the cost of construction to skyrocket to new highs and pushing property prices further up. This increase has
The cost of building materials in Cyprus has skyrocketed this year, making it harder for the real estate and construction sectors to recover after the scrapping of the ‘golden passports’ scheme and
Larnaca’s newest retail jewel, the Metropolis Mall, opened its doors on September 16, with tens of thousands of consumers flocking in to get a taste of what the new talk of the
We have studied the announcement by the Small Business Owners Association (POVEK) warning the state not to reduce subsidies the Government is paying them. The Association declared that approximately 20-25% of the
Interior Minister Nicos Nouris urged land development companies to avoid advertisements that connect real estate to gaining Cypriot citizenship or residency. He said acquiring a European passport should only occur when the
The summer forest fires have highlighted a government service (Forestry Department) to which we do not pay the appropriate attention that it deserves. The recent firefighting activities of the Department both in
We heard the Limassol Mayor announcing the municipality’s initiative to construct over 600 housing units to alleviate the shortage of housing units, thus helping reduce the sales prices/rental levels. He stated the
Building permits issued in the first half of 2021 marked a significant recovery from Covid-hit 2020 while exceeding the pre-pandemic activity of 2019, according to data released by the Cyprus Statistical Service.
