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29th January 2023
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Five year property sales exceed €17 billion

Property sales worth €17 billion have been recorded by the Land Registry since 2018, with 2022 being the best year, according to the latest data. The value of the property...

Can’t buy, unable to rent

Increased mortgage rates have dashed dreams of owning a home, leaving many in a catch-22 situation as rents are rising, exceeding what families pay...

Amend property VAT laws or else!

The European Commission has given Cyprus until mid-February to enact new legislation governing the levying of reduced VAT on properties, otherwise it will move...

Property market pinning hopes on foreign buyers

Cyprus' property market is feeling the brunt of hiking building costs and interest rates as Cypriots see their dream of owning a home dashed,...

Real estate will stabilise after mini-boom

Cyprus' real estate sector will stabilise after hitting a record number of sales since 2008, as a growth trend following the pandemic is halted...

Real estate sales generated €6 bln in 2022

Despite the property market generating €6 billion in sales in 2022, real estate agents expect a challenging 2023. Releasing its quarterly "Real Estate Market Bulletin",...

Building permits continue downward trend

The number of building permits authorised in Cyprus during October 2022 stood at 646. The total value of these permits reached €203.7 million and...

Foreign investors driving the property market

Foreign investors have not lost their appetite for Cypriot properties, nor are they discouraged by a rise in interest rates, as sales doubled in...

Limassol most expensive city, Larnaca next

Limassol is the island's most expensive city, as Limassolians need to spend hundreds more euros monthly than residents in other towns every month to...

Building permits continue to fall

The number of building permits authorised in Cyprus during September 2022 stood at 670. The total value of these permits reached €226.9 million and...

Significant real estate repricing is coming

Real estate stocks have signalled that significant repricing is coming and the market has three big challenges ahead: Political risk due...

Kitchener’s survey of Cyprus

British Field Marshal Horatio Herbert Kitchener (1850-1916), later 1st Earl Kitchener, is probably best known for his WWI recruitment poster. But he was also...

Real estate safe from EU property bubble

Cyprus' banking and real estate sectors will not be affected by a possible bubble from overheating of the residential market in the European Union,...
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Annus Horribilis for Cyprus banks

Over the last three years, Cyprus banks had struggled to deal with their past and unload non-performing loans from their balance sheets when governments...

Making changes to your apartment

Owners of apartments in Cyprus should soon be able to make alterations to their apartment within a 'jointly-owned-building' without the consent of the Management...
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