Cypriots are being squeezed out of the property market as they can’t afford climbing rents, while construction costs and interest rates make homes unaffordable, say real estate agents. Talking to the Financial
After 74 years as a leading juices and soft drinks manufacturer, Cypriot firm KEAN has sold its business to Limassol-based real estate investors Prime Property Cyprus for an undisclosed fee. Ever present
When you see notices for auctions or foreclosures for the sale of real estate, you can only wonder if the managers, owners, or investors can dispose of these properties correctly. In many
Annual property sales in Cyprus were boosted, with Russian buyers still at the top of the list, despite sanctions on Moscow following the war in Ukraine. Talking at the 5th Property Show,
Thousands of borrowers have been stung by interest rate hikes as they see their monthly mortgage instalment increase by hundreds of euros, causing concern about the housing market. With indications the European
There are three ways to buy immovable property in Cyprus: Purchase immovable property with immediate transfer of registration certificate (title deed). Purchase of immovable property through a Sale Contract (SLC). Purchase immovable
Annual real estate sales rose in the first two months of the year, boosted by the relocation of high-tech firms and their employees. According to the latest Land Registry data, sales documents
Before the new President of the Republic formulates his plans, I submit some views and suggestions to improve the real estate and construction industry. Adopting the Deputy Ministries by the previous government
According to PwC’s in-depth analysis, the total value of Cyprus real estate transactions reached a record-high of €5.2 bln in 2022, recording an annual increase of 27%. In volume terms, properties transacted
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
