The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing. One year later, the disruptions
The soaring cost of living and higher interest threaten to blow open the real estate sector’s recovery, say local stakeholders who want the government to step in. In comments to the Financial
The increase in interest rates has not affected real estate price tags, as hiking construction costs and healthy investor demand looking for alternatives to low returns from savings keep prices buoyant. The
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
Cyprus property sale values in Q3 increased by 0.9% for apartments, but decreased by 1.1% for houses, 1.4% for commercial properties, 1.5% for warehouse and office space, according to the WiRE Index.
A slowdown in the residential Cyprus property price indices has been recorded in the second quarter of 2021 due to a small decrease in house prices and an increase in apartment values.
Cyprus’ House Price Index (HPI) in the second quarter of 2021 reached 104.07 units, registering an annual decline of almost 5% as the market struggles to overcome the pandemic, according to the
Annual house prices in the first quarter of 2021 fell 5.8% in Cyprus, while across the European Union, they rose by an average of 6.1%. In the first three months, house prices,
Cyprus real estate prices & rentals recorded quarter-on-quarter drops across most property categories, but house values remained stable, according to consultancy firm WiRE FS. Paphos had some of the biggest quarter-on-quarter drops
Buying a property in Cyprus is not difficult due to the abundance of supply; selling your own property is more difficult since you have to compete against well-organised developers and agents. For