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.
Celebrity name-branding or owning property in a certain location can impact real estate prices. Mykonos is becoming more popular among celebrities in recent years. An island of just 30,000 people in winter
Large companies and high-net-worth individuals who purchase houses and apartments to resell or rent them to third parties currently make up 20% of all property buyers in the US. This trend has
Real estate specialists are not optimistic over the sector’s outlook as property sales are struggling compared to pre-COVID-19 levels. Property sales in Cyprus dropped by 17% across the island in the first
By Charalambos Pitros The construction cost in Cyprus has increased abnormally. Moreover, the recent hike in diesel prices has worsened the situation, as the price has a domino effect on every material
During the holiday season and especially the summer period, many people go on vacation, with neighbourhoods practically deserted, so there is no protection of your property other than the observing eyes of
According to Q2 data processed by WiRE, the effects of the coronavirus pandemic are still felt by the Cyprus Real Estate market, with sale prices recording a quarterly drop across all property
Cyprus has the Estate Agents Law, which regulates most matters related to the industry, but people coming from different countries have their national system in mind, which, at times, creates confusion. Finding
Homes that are 20-40 years old might need improvements to meet today’s living standards, especially those built to the owner’s specifications and likes. This is particularly important if you plan to sell
