€30 mln revamp for Old Nicosia

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


Chlorakas housing complex under private surveillance

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 firms want schools, housing

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

Exploring Cyprus housing provisions

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 decline, costs rise

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 are over as prices fall

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

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