Finance Minister Makis Keravnos submitted the 2024 state budget, the first of the Nikos Christodoulides administration, to House Speaker Annita Demetriou on Wednesday. Keravnos presented the budget to the House Speaker before
In the second quarter of 2023, house prices in the EU increased by 0.3% compared with the first quarter, while rents increased by 0.7%, but Cyprus house prices decreased by 0.4%, according
Last year housing transactions in Cyprus increased by 27.4% compared to 2021, the largest rise recorded in the 16 EU countries for which data is available. According to Eurostat, the number of
Finance Minister Makis Keravnos will present to legislators on Monday a government package of seven proposals to address the issue of foreclosures to block a bill that gives borrowers rights to appeal decisions.
Since 2010 house prices in Cyprus have declined 2%, the third largest dip in the European Union but rents have gone in the other direction, according to Eurostat. Over this period, house
The House Price Index (HPI) recorded a 5.9% annual increase for the first three months of 2023, marking its fifth consecutive quarterly growth, according to a preliminary estimate by the Cyprus Statistical
Persistently high inflation and the recent spike in lending rates will trigger a correction in the UK housing market, a Moody’s analysis predicts. “We expect a decline of up to 10% in
Cypriot MPs made a U-turn over a compromise on reduced VAT for smaller first homes, backed by the European Commission. MPs increased the total area of the home entitled to reduced VAT
In the fourth quarter of 2022, annual house prices in Cyprus increased by 4.4% but dropped by 4.0% compared to the third quarter, according to Eurostat. On the EU level, during Q4
The flags outside parliament are at half-mast as a sign of mourning for the 48 Turkish Cypriot victims of the deadly earthquakes in Turkey and Syria. The decision comes after the last
