House prices unlikely to drop this year

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

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Fuel prices at pre-war levels

After reaching an all-time high in the summer, fuel prices at petrol stations have subsided to levels before the war in Ukraine and sanctions on Russia, which catapulted energy costs. Following this

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Sharp rise in Paphos rental prices

 Across Cyprus, quarterly, sale values increased by 3.9% for apartments, 1.1% for houses, 0.6% for offices, and decreased by 0.3% for retail and 1.5% for warehouses, according to the Q3 Ask WiRE

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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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Supermarkets reject fixed ‘household basket’

Supermarkets oppose the government’s latest intervention to control prices of essential goods amid rising inflation, which is driving the cost-of-living crisis. The Cabinet on Tuesday had greenlighted a bill that obliges supermarkets

Low natural gas prices won’t last

The global energy crisis continues with no end as the Russia-Ukraine war moves into winter. In Europe, natural gas prices have come down for now, but oil prices are edging upwards. Gas

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October price inflation at 8.8%

Inflation in Cyprus was recorded at 8.8% in October, up from 8.7% in September on the Consumer Price Index, lower than the estimated 10.7%-euro area inflation. It increased by 0.89 units and

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