Housing prices in upward trend

The Cyprus real estate market remains robust, as it witnessed a remarkable surge in housing prices in the third quarter of 2023, driven by demand from both domestic and international buyers. According

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5% VAT on smaller first homes

Nicosia hopes to convince Brussels to end a legal process against Cyprus after MPs approved a law on 5% VAT for smaller first homes, which falls short of an EU directive. The

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Building permits decline in Q1

Building permits issued in the first three months to March declined by an annual 6.9%, but the total construction area and property value rose. According to the latest data by the Cyprus

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House confident of latest VAT homes bid

Cypriot MPs are confident their latest compromise on reduced VAT for smaller first homes will convince Brussels to waive an infringement process launched against Cyprus. In comments to the Financial Mirror, the

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Photovoltaics is the smart choice

There is keen interest in installing photovoltaics on roofs or elsewhere, and based on the government’s subsidised programme, PV systems operate by offsetting the electricity produced and consumed. That is, each home

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