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
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
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
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
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
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.
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,
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
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
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
