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Cyprus property sales close to €6 billion

10.02.2023 According to a report published this week by the Real Estate Agents Registration Board, the Cyprus property market performed well in the second half of the year, pushing the..

Building permits decline by 5.4% in January – November 2022

10.02.2023 Building permits issued in Cyprus between January and November 2022 decreased by 5.4% year-on-year, while their total cost increased by 1.2%, reflecting an increase in construction costs amid soaring..

Real estate entered 2023 with a 28% jump, only falling in Nicosia

09.02.2023 The real estate market in the new year recorded an increase of 28% and continued the positive dynamics of last year. In particular, according to the Department of Cadastre..

Limassol: Five apartments with rent from €11,750 to €19,000

08.02.2023 In the last decade, Limassol has experienced rapid growth thanks to the arrival of foreign companies and the implementation of many development projects. The towers erected in the city,..

The real estate market picked up speed in the 2nd half of 2022

08.02.2023 There has been a significant increase in real estate sales in the second half of 2022 compared to the first half, as can be seen from the comparative real..

Park Avenue: The new luxury residential development in Larnaca

07.02.2023 Work is underway on a high-rise residential building on Park Avenue in the center of Larnaca, some of the apartments have already been sold. The project was implemented by..

Construction costs and high demand push house prices upwards

07.02.2023 According to a report released this week by the Central Bank of Cyprus, house prices in Cyprus continued to rise in the third quarter of 2022, mainly due to..

Apartment prices, rent climbing

07.02.2023 According to the Ask WiRE Property Index for the fourth quarter of 2022, average annual property prices in Cyprus rose by 9.9% for apartments, 1.0% for houses and 0.3%..

Thinking of investing in real estate? Don’t do it

07.02.2023 Lack of financial literacy can lead people to consider investing in real estate. This is a provocative statement to say the least, so let me explain. When considering your..

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..

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