Ageing buildings need urgent inspection

Cyprus’ older buildings must undergo immediate inspection, while authorities should introduce mechanisms to prevent incidents like the collapse of two balconies in Paphos from happening again. The Scientific and Technical Chamber of

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Pushback to VAT change on home buys

MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty financial penalties, while the construction industry wants authorities

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Cyprus property values growing

Cyprus’ real estate market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2% based on January 2021 prices compared to 2018

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