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Residential property prices up in Q3 2022

06.02.2023 Construction costs and increased demand from foreign and local buyers helped accelerate home price growth in the third quarter of 2022. According to the Central Bank of Cyprus (CBC),..

Size does make a difference

05.02.2023 The former Minister of the Environment of Ireland (Alan Kelly) announced that developers should build affordable housing for citizens. The minister realized that the minimum apartment size set by..

Venus Gardens: New large development with apartment buildings in Paphos

04.02.2023 Part of a large integrated residential/holiday home with community areas and private road network in Paphos is a new residential project that has been submitted for public comment. The..

Residential property prices rise 2.1%

02.02.2023 Construction costs and increased demand from foreign and Cypriot buyers contributed to accelerating house price growth in the third quarter of 2022. According to the Central Bank, the Residential..

Cyprus had lowest rural housing costs among EU member states in 2021

02.02.2023 According to data published by Eurostat, the statistical office of the European Union, in 2021 European Union cities had the highest cost of housing. At the EU level, in..

In Cyprus the lowest burden on the cost of housing in the countryside

02.02.2023 In Cyprus, the lowest housing cost burden was registered in rural areas (1.3 percent), while the corresponding rate in urban areas was 3.5 percent, according to a Eurostat report..

Expect many foreclosure notices today

02.02.2023 Yesterday, Tuesday, January 31, 2023, the last three-month suspension of investment withdrawals, introduced by a House of Representatives resolution, ended. It is expected that from today, February 1, a..

Creating quality office space

28.01.2023 We are often asked if the quality of an office matters in terms of attracting business while meeting minimum acceptable standards. Before we answer this question, there are a..

Limassol could have an additional 8,000 apartments

26.01.2023 Could taxing idle properties be a response to the market's inability to meet demand? According to a report by Cypriot fintech company Ask WiRE , an additional 8,000 apartments..

N. Karoullas : The reconstruction of buildings will be the new trend internationally

25.01.2023 Karma CEO Holdings Nicholas Karullas . In an interview, Mr. Karullas notes that it is extremely difficult to accurately predict the course that the sector will take in 2023,..

S. Karamontanis : Passive attitude on the part of potential investors

25.01.2023 Makronisos CEO Marina & Caramondani group Stavros Caramontanis says that high interest rates combined with rising inflation have caused stagnation and uncertainty among potential investors, no matter how small..

G. Ioannou : Paphos will soon acquire two ultra-luxurious towers

24.01.2023 CEO Korantina Homes George Ioannou characterizes the scenario for the real estate market in Cyprus as unstable, noting that if nothing changes, the war in Ukraine will continue to..

Ownership: Comfortable houses on the one hand, roofs dripping on the other

24.01.2023 In 2021, the number of owners in Cyprus increased slightly, with the majority of Cypriots still living in private houses and apartments. According to the Eurostat report “Housing in..

Gordian : High yielding commercial real property portfolio

23.01.2023 Gordian is making a strong start in the real estate market ahead of the new year , promoting a range of commercial buildings that can meet any business need...

Вuilding material prices in Cyprus hit record levels in 2022

20.01.2023 According to a report published this week by the Statistical Office of Cyprus ( Cystat ), building material prices in Cyprus have reached historically high levels in 2022, surpassing..

Construction materials price index rose by 17% in 2022

18.01.2023 The building materials price index for the period from January to December 2022 recorded an increase of 17.21% compared to the corresponding period in 2021. The increase in the..

Buyers ‘ interest in fields and plots is at its peak

18.01.2023 Fields and land were the main focus of property buyers in 2022. In particular, out of 18,598 transactions in the four main categories of real estate over the past..

Panikkos Livadiotis Group : Start of work on ria Court 84

17.01.2023 Company Panikkos Livadiotis , based in Larnaca , will actively continue its operations in 2023. The company is pleased to announce the start of work on its new residential..

Cyprus property sales exceeded €5.5 billion in 2022

17.01.2023 The Real Estate Agents Registration Board released a statement on Monday saying that the total value of all properties sold in Cyprus in 2022 reached approximately 6 billion euros...

Stasikratous Residences : This is what the high rise development will look like

16.01.2023 The new residential tower Cyfield will be built on a key shopping street in the center of Nicosia. Stasikratous Residences will be built on Stasikratous Street , enriching the..

Real property predictions for 2023

16.01.2023 Since foreign demand is primarily directed to Limassol (approximately 70%), it is clear that it has benefited the most (market activity and rising values), but note the already prevalent..

Real property affordability is problematic

15.01.2023 Last year, there was a positive trend: new sales showed an increase in real estate contracts by 35%. At the same time, it is worth noting the increase in..

Cyprus construction Products price Index up by 11% in the third quarter of 2022

14.01.2023 The construction exit price index for the third quarter of 2022 reached 129.53 units (base year 2015 = 100.00), recording an increase of 11% compared to the same quarter..

Construction: R production index down 5%

13.01.2023 The construction production index in the third quarter of 2022 reached 178.22 units (base year 2015 = 100.00), recording a 5% decrease compared to the third quarter of 2021,..

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