App to combat profiteering

The Commerce Ministry will introduce an online application to stamp out profiteering by supermarkets and bakeries while offering consumers real-time information on the prices of 1,500 products. Commerce Minister George Papanastasiou delivered

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Apartment prices, rents climbing

Annually, average Cyprus real estate prices increased by 9.9% for apartments, 1.0% for houses, and 0.3% for offices, according to the Q4 2022 Ask WiRE property index. Sales prices also increased by

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Residential property prices rise 2.1%

Construction costs and increased demand from foreign and Cypriot buyers contributed to the acceleration in house price increases during the third quarter of 2022. According to the Central Bank, the Residential Property

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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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