market Archives - Financial Mirror

Real estate market not cooling down

Cyprus’ real estate market is not showing any signs of slowing down, fueled by foreign buyers, as 2023 is close to becoming the best year since 2008 when a global property crisis

11th November 2023

Cyprus/Property

Cyprus risks losing Israel’s tourist market

Cyprus faces the risk of losing the Israeli market, the second largest tourist source, if the conflict between Israel and Hamas continues into the new season, said Tourism Minister Costas Koumis. He

2nd November 2023

Cyprus/Life & Society

Property market losses from Middle East crisis

The recent events in the Middle East and the war between Israel and Hamas caught Cyprus by surprise (as in most countries). It is a terrible, primarily humanitarian situation, the effects of

22nd October 2023

Comment/Property

Too early to say if Middle East crisis impacts property market

Cyprus’ real estate sector is unsure how recent developments in the wider Middle East will affect the immediate future of the property market. While immediate attention is naturally fixed on the ongoing

17th October 2023

Cyprus/Property

Property market improvements neglected

I observe a strong indifference both from the individual authorities of the state and the professional associations in the real estate sector. It is rare for the latter to submit a proposal

8th October 2023

Comment/Property

Paphos property market booming

The property market in Paphos is thriving as major deals push the total value of transactions over €190 mln during the second quarter of 2023, according to a report by Ask Wire.

30th September 2023

Cyprus/Property

ICT market to be worth €850 mln by 2025

According to research, the value of the Cypriot ICT market reached €781 million in 2022, showing an annual growth of 4.7%, while the IT market (excluding telecommunications) was valued at €302 million,

29th September 2023

Business

Trends in the real estate market

In response to the increase in interest rates, we’ve observed several budget adjustments among borrowers. Also, property buyers are currently opting for more deliberate and considered purchases. This means the duration required

5th September 2023

Comment/Property

Defining quality in the property market

We are often faced with the question of whether adding quality to a project or property will make it more valuable. This is not an easy question since it depends, amongst other

25th June 2023

Comment/Property

33,000 empty housing units should join market

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

20th June 2023

Cyprus/Property