The cost of building materials in Cyprus has skyrocketed this year, making it harder for the real estate and construction sectors to recover after the scrapping of the ‘golden passports’ scheme and
By Charalambos Pitros The construction cost in Cyprus has increased abnormally. Moreover, the recent hike in diesel prices has worsened the situation, as the price has a domino effect on every material
Discussion is currently underway about the necessity (or not) of the Certificate of Final Approval (C.F.A.) for someone to occupy a building or a unit. It is a serious subject since the
Scores of infrastructure projects in Paphos costing €123 mln have been completed in the last eight years during two terms of the Anastasiades administration, said Agriculture Minister Costas Kadis. During a visit
Construction activity declined in 2020 for the first time in five years, building permits dropped in the area covered and value, as the industry felt the effects of the disgraced “golden passports”
Following the demise of Cyprus “golden passports” scheme compounded by coronavirus the construction industry is suffering but has options. The sector is relying on housing developments and offices for companies attracted to
The construction industry is on firmer foundations as building permits picked up in July following the fallout from coronavirus lockdown introduced to stem the spread of COVID-19. According to data by the
Construction work to complete Ayia Napa Marina has resumed at a fast pace after COVID-19 lockdown while necessary buildings for its operation have already been delivered. Placing a great priority on the
Cyprus’ construction industry was on the rise prior to the coronavirus outbreak, as building permits increased during the first two months of the year by 5.6% compared to the same period of
The construction and tourism sectors were the driving forces behind Cyprus’ economic growth in 2019, while the banking sector continued shrinking, according to official data. According to data released by the Cyprus
