President Nikos Christodoulides expressed satisfaction with the passage of a set of bills on foreclosures on Friday, underscoring a commitment to expedite proceedings addressing risks to the country’s economy from non-performing exposures.
Climate change is reshaping the world in extreme ways, and one industry feeling the heat, quite literally, is real estate. Cyprus is grappling with the impact of climate change, compelling local stakeholders
The Finance Ministry has painted a sombre picture for the local real estate sector should the crisis in the Middle East be prolonged, contrary to the outlook issued by the Central Bank,
Once or twice a year, we experience heavy rain because of storms, which cause damage to the infrastructure and buildings. Readers often call our office asking for our opinion about the party
Market insiders warn the economy could be overheating, as the island looks like an extensive construction site, driven by the multitude of projects powered by Israeli investment despite the Hamas war. They
Cyprus’ real estate market is not showing any signs of slowing down, fueled by foreign buyers, as 2023 is close to becoming the best year since 2008 when a global property crisis
Notwithstanding that approximately 40% of the surface land area in Cyprus is covered by forest, trees and bushes, our island needs to be greener, particularly with our water shortage situation. The Ministry
Across Cyprus in Q3 2023, annual prices increased by 12.2% for apartments, 4.6% for houses, 4.4% for offices, 1.2% for retail, 8.8% for holiday flats, and 3.7% for holiday homes, but decreased
Strengthening Cyprus’ and the United Arab Emirates’ history of strong relations, Dubai’s Property Shop Investment (PSI), a leading name in UAE real estate, held its roadshow at Park Lane Resort, Limassol. Cyprus
Occasionally, we have people writing to our office to complain that in Cyprus, the creation of sinking funds in commonly owned properties (apartments, comprehensive development projects) is not adopted. We realised there
