Old Nicosia is in for a makeover, as the Interior Ministry plans to revitalise the area, including grants to boost business activity, student accommodation, town planning incentives and housing arrangements. Interior Minister
The government has come under pressure from stakeholders following news that a state-sponsored affordable housing project in Limassol has gone south due to a lack of funds. The Cyprus Scientific and Technical
The Ayios Nikolaos housing complex at the centre of recent violent outbreaks between Syrian refugees and extreme right-wing groups in Chlorakas, Paphos, is under 24/7 surveillance. Local authorities and a debt-acquiring company
Foreign investors in Cyprus told President Nikos Christodoulides the government must address infrastructure shortcomings that hinder their business plans for the island. Investors were brought together during a roundtable discussion organised by
While property prices and rents rise due to a shortage in supply, some 33,000 homes across the island are unused, the Cyprus Technical Chamber ETEK, advises the government to introduce incentives for
We tend to think that Cyprus has a problematic legal system with the result that in addition to the time it takes to secure a court decision, those in the wrong get
Cyprus is fast running out of space for housing, causing extreme hardship in society and widening the income gap, compounded by near-zero household wage growth. The problem has been exacerbated by the
The topic of government involvement in housing is contentious, with various opinions and approaches to how housing should be provided and managed. This issue has become of interest in Cyprus due to
Building permits issued in Cyprus from January to November declined by an annual 5.4%, but the total value rose 1.2%, reflecting increasing construction costs amid soaring inflation and supply chain disruptions. According to
Housing booms across many advanced economies are coming to a halt due to rising mortgage rates and weak economic growth prospects, according to Moody’s analysis. “Slowing home sales and a moderation of
