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12th August 2022
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Average cost of building a house up 20%

People wanting to buy a house in Cyprus are constricted by an upward trend in construction costs and materials, with the latest figures showing...

Building permits fall in number, value and area

Building permits authorised in April fell in number, value and area as the rocketing prices of building materials hit the construction industry. The number of...

Cyprus property values and numbers growing

The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2%...

Small annual fall in construction material prices

The year-on-year prices for all construction materials rose by 21.81 per cent from May 2021 to May 2022, according to the Cyprus Statistical Service;...

Cyprus has least crowded & costly homes

Eurostat data reveals that in 2020, 17.5% of the EU population lived in over-crowded households. I.e., they did not have a sufficient number of...

Reduction in building permits authorised in March

The number of building permits authorized in Cyprus during March 2022 stood at 642. The total value of these permits reached €209.7 million and...

Construction materials costs up 19%

The cost of construction materials in Cyprus continues to rise at an alarming rate, with the annual change in the price index rising 19.08%...

Building permits rise in number, value and area

The number of building permits authorized during January 2022 stood at 535. The total value of these permits reached €165.5 million and the total...

Upward trend in building materials prices continues

The price of building materials rose by 17.39% in February 2022 compared to February 2021, increasing the pressures on the construction and property sectors,...

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