Real estate sector thriving

Foreign investors have not lost their appetite for Cypriot properties, nor are they discouraged by a rise in interest rates, as sales doubled in the third quarter of 2022, compared to last

Scary Nicosia rents

These are scary times for families living in rented accommodation in the capital, as rents for a two-bedroom flat average more than the national minimum wage. Renting a two-bedroom flat of 80

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Larnaca climbing development ladder

Once lagging in urban development compared to the other cities, Larnaca is now at the forefront, argue stakeholders, pointing to key projects about to take off. Talking to the Financial Mirror, the

No remedy for rising rents

Rising rents, and the lack of supply of apartments for rent, do not resolve the problem but will impact the market’s future. This causes issues for Cypriots and makes it difficult to

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Is it better to rent or buy?

Is it best to buy or rent? Unfortunately, this is a recurring issue that most young people with limited funds and other buyers need to address from time to time. When one

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DIY renovations prove costly

More expensive building materials has put a price crunch on owners planning to invest in renovating their home. In October, according to the Cyprus Statistical Services, the price index of construction materials

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Online auctions can’t be trusted

For those interested in buying real estate through electronic (or other) auctions, I keep noting various scams that surface, resulting in the unsuspecting public or buyers as the victims. Initially, an auction

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Scary rents for scary times

With the constant demand for residential units, the rental situation has been a concern for some time, to the extent that it affects the Cypriot market, especially middle to lower-income groups. The

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Property sales spike 36%

Despite the energy crunch and cost of living crisis, the Cyprus real estate market is witnessing rapid growth amid economic uncertainty. For the first ten months to October 2022, property sales were

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