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
The value of property sales agreements submitted in the third quarter reached €1 billion, with the real estate market maintaining its strength despite challenges. According to property sales data from the Department
To correct the wrongs in our own “house”, that of the construction industry and the various consultants involved, some of us are not happy, based on our experiences, regarding the quality of
The number of sales contracts submitted to the Land and Surveys Department reached a 15-year high in the second quarter of 2023, according to Central Bank of Cyprus data. In addition, residential
The recent events in the Middle East and the war between Israel and Hamas caught Cyprus by surprise (as in most countries). It is a terrible, primarily humanitarian situation, the effects of
Cyprus’ real estate sector is unsure how recent developments in the wider Middle East will affect the immediate future of the property market. While immediate attention is naturally fixed on the ongoing
To obtain a permanent residence visa, one must purchase a housing unit with a minimum value of €300,000. For a passport (when it was operational), the minimum house value was set at
The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations displaying promising growth and recovery. However, beneath the surface of these top-line numbers, underlying challenges and disparities
I observe a strong indifference both from the individual authorities of the state and the professional associations in the real estate sector. It is rare for the latter to submit a proposal
Foreign buyers still power Cyprus’ real estate sector, as coastal cities see an influx of demand generated from the growing trend of high-profile companies relocating to the island, reveals an EY survey.
