Consumers fret over price hikes before Christmas

Consumer associations are concerned over spiralling prices this Christmas making the festive table and gift-giving more expensive. In comments to the Financial Mirror, the Cyprus Consumer Association chair, Marios Drousiotis, said prices

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Hike in building costs threatens recovery

Real estate and construction stakeholders want the government to soften the blow delivered by an “abnormal” increase in construction costs, warning that development could screech to a halt. A leading developers’ lobby

House prices dip, flats gain in value

Cyprus property sale values in Q3 increased by 0.9% for apartments, but decreased by 1.1% for houses, 1.4% for commercial properties, 1.5% for warehouse and office space, according to the WiRE Index.

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Government uneasy over price increases

Τhe government is concerned about the economic risks arising from price increases, but a spike in inflation is considered temporary, said Finance Minister Constantinos Petrides. The minister pointed out the need for

Energy prices keep inflation at 4.1%

In September, inflation in Cyprus remained relatively high as rising fuel and energy costs kept it at 4.1%, although lower than the 5% in August. Food and non-alcoholic beverage prices slowed while

Cyprus house prices dip 4.9% in Q2

Cyprus’ House Price Index (HPI) in the second quarter of 2021 reached 104.07 units, registering an annual decline of almost 5% as the market struggles to overcome the pandemic, according to the

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