rent Archives - Page 2 of 3 - Financial Mirror

No dream home for Millennials

Cyprus’ Millennials and Generation Z struggle to make the dream of owning their home, forced to rent a roof over their head, in line with the European trend, argue real estate agents.

22nd August 2022

Cyprus/Property

EU blocks ‘generous’ mortgage-to-rent scheme

Brussels has told Cyprus to hold its horses over a fresh attempt to throw another lifeline to distressed borrowers to help them keep their homes and small businesses. Nicosia had been preparing

30th June 2022

Business

Wealth gap reshaping property sector

Cyprus’ real estate sector is reinvented by a growing wealth disparity, creating a wider gap among potential buyers for homes and apartments. The trend is set to continue as the economy hits

12th June 2022

Cyprus/Property

Cyprus seeks rent scheme to tackle €3 bln NPLs

Cyprus and the EU are expediting the process to transform the state-owned Asset Management Company (KEDIPES) into a nationwide AMG to launch a mortgage-to-rent scheme. The scheme will cover non-performing loans collateralised

6th May 2022

Business

House prices dip, flats gain in value

Cyprus property sale values in Q3 increased by 0.9% for apartments, but decreased by 1.1% for houses, 1.4% for commercial properties, 1.5% for warehouse and office space, according to the WiRE Index.

22nd October 2021

Cyprus/Property

Rent reduction for businesses that deserve it

One of the measures the government is taking to reduce the impact of coronavirus on the economy is rent reductions. There is no law as such to impose rent reductions, but the

11th July 2020

Comment/Property

COVID19: How the Cyprus rent reduction law works

On May 22, the House of Representatives approved with some amendments, and after much discussion, the government’s proposals regarding rents owed by coronavirus-struck tenants. As is well known, a number of tenants,

3rd June 2020

Comment/Property

Rent reduction scheme makes no sense

I have studied the Finance Minister’s proposal which refers to the reduction of rents as they have been published in the media. I will repeat our own prior proposals on the subject,

17th May 2020

Comment/Property

COVID19: The pitfalls in agreeing on rent reductions

We are considering what stance to adopt on the proposal submitted by the Traders Association regarding possible rental reductions due to the virus situation. This is not an easy job and it

19th April 2020

Business/Comment

Rent control is not providing affordable housing

By Nikolas Ioannou Rent Control measures have been applied around the world for many centuries as a part of housing policies to tackle the issue of affordable housing. The basic form of

4th March 2020

Comment