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
Increased construction costs and demand led house prices to continue their upward trend during the fourth quarter of 2022, with the Residential Property Price Index (RPPI) up by 6.6% year-on-year. It compares to
The adoption of the national healthcare system (the GHS), introduced four years ago, is costing the government of Cyprus and its people several billion a year. The compensation paid to doctors and
Cyprus is facing a housing crisis, as young couples are locked out of the property market by skyrocketing prices, while supply is quickly diminishing due to thousands moving to the island. President
Annual real estate transactions in Cyprus continued to rise in the first quarter of the year, as sales documents submitted are 26.6% higher compared to the same period last year, according to
Almost 10,000 highly skilled and highly paid Ukrainian refugees have joined the island’s work force, paving the way for a number of socioeconomic and demographic changes to the structure of Cypriot society.
Despite high inflation, Cyprus’ property market has maintained solid growth during 2022, thanks to demographic changes through high-tech companies and Ukrainian refugees fleeing Russia’s invasion, say real estate analysts. In comments to
Annual Q1 Cyprus property prices increased by 12.3% for apartments, 3.1% for houses, 2.4% for offices, 8% for holiday flats and 3.1% for holiday homes, but decreased by 0.1% for retail and
The European Parliament recently passed a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the real estate markets of Cyprus and
Annual real estate transactions continued to rise in the first three months of the year, as sales documents submitted are 51.1% higher than those recorded in the same period pre-COVID 2019. According
