Cost of building materials spike 17%

The cost of building materials in Cyprus continues to rise, while the Central Bank warned the war in Ukraine will only make things worse for the construction industry. According to the Cyprus

Building density law stumps development

Real estate and property development contribute to creating job opportunities and the growth of the Cyprus economy. Development is controlled by the existing town planning zones, which set certain factors, such as

/

When the roof falls in

When a nearly dilapidated house in Aradippou collapsed earlier this week, initial reports suggested it was a minor incident and that there were no injuries. The mayor even told CyBC radio that

/

Soaring building costs shackle recovery

Cyprus real estate and construction sectors are stressed from skyrocketing prices of building materials, making it harder to recover from the pandemic and scrapping of the ‘golden passports’ scheme. According to the

/

Building activity makes strong recovery

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.

/