Cyprus construction stakeholders fear the industry may be growing too fast, endangering a healthy recovery from the coronavirus pandemic and a steep increase in the cost of building materials. Developers believe the
Most fatal work-related accidents in Cyprus take place in the Construction sector due to a fall from height, according to an official study. The study investigates all work-related accidents over 20 years in Cyprus
An accelerated increase in house prices was recorded in the second quarter of 2022, mainly due to rising construction costs, the Central Bank of Cyprus said in its quarterly property report. The
Despite building materials falling in price, the ongoing energy crisis has Cyprus developers unwilling to greenlight new projects until they have a clearer picture of where building costs are heading. Cyprus construction
Activity in construction declined in the first three months to March amid soaring prices, indicating the Cyprus economy is slowing. In the first quarter of 2022, the Index of Production in Construction,
The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money. Developers say some private projects in
The war in Ukraine is hurting the Cyprus real estate industry, with the already inflated cost of building materials pushed even higher as obstacles for international trade increase. According to the Central
The cost of building materials in Cyprus continues to skyrocket, making it harder for the real estate and construction sectors to recover after the scrapping of the ‘golden passports’ scheme, having suffered
By Peter Van der Borgh When considering effective ways to achieve net zero emissions, policymakers tend to focus on renewable energy sources and greener means of transport, often ignoring a key element
The Finance Ministry has revised its inflation forecast for Cyprus this year from an initial 1.5% to 4%, amid a hike in fuel prices in the aftermath of Russia’s invasion of Ukraine.
