property Archives - Financial Mirror

Solar panels and cheaper electricity

The way the electricity cost is going up and is ever increasing in Cyprus, the reduction of the cost of electricity is becoming a major issue. To this end the government is

28th January 2024

Columnists/Comment/Cyprus/Energy/Property

New units to bring down prices and rents

Developers embrace government incentives for affordable housing Developers in Cyprus have welcomed the Cabinet’s approval of a set of incentives for the construction of affordable housing units, promising a dynamic shift in

31st December 2023

Cyprus/Property

Credit where credit’s due

It is rarely that my articles praise civil servants in Cyprus. The failings of the public services are well known and reported regularly in the media, but there are some noticeable exceptions.

24th December 2023

Columnists/Cyprus/Life & Society/Property

Is U.S. housing market turning a corner?

In the U.S., the 30-year fixed mortgage rate ticked down to 7.1% in the first half of December. While still more than double the rate as recently as early 2022, it is

23rd December 2023

Markets/Property/World

New property tax not justified

A new property tax was introduced in February 2021, but because of a mess up at the House of Representatives, the tax was actually introduced in October 2022 and refers to a

12th December 2023

Columnists/Comment/Property

AI in real estate: disruptive force or mere transformation?

Data’s transformative role in real estate offers growth and efficiency opportunities in an ever-evolving industry By Thomas Dimopoulos The integration of Artificial Intelligence (AI) in real estate and more specifically in

11th December 2023

Comment/Cyprus/Guests/Property

Alarm bells as property construction stretched

Market insiders warn the economy could be overheating, as the island looks like an extensive construction site, driven by the multitude of projects powered by Israeli investment despite the Hamas war. They

20th November 2023

Cyprus/Property

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

Creating your private garden

Notwithstanding that approximately 40% of the surface land area in Cyprus is covered by forest, trees and bushes, our island needs to be greener, particularly with our water shortage situation. The Ministry

11th November 2023

Comment/Property

Rising property values but outlook mixed

Across Cyprus in Q3 2023, annual prices increased by 12.2% for apartments, 4.6% for houses, 4.4% for offices, 1.2% for retail, 8.8% for holiday flats, and 3.7% for holiday homes, but decreased

9th November 2023

Cyprus/Property