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
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
