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All reports tagged with: "property price"

Choosing your Property Developer

Don’t assume that bigger is better; the size of a company is no guarantee that its properties are of an acceptable quality. You may find that quality of properties built by some of the developers that target the expatriate market to be generally lower than those that target a wider audience. Always inspect properties under […]

Construction Output Accelerates in Quarter 2

Construction output in Cyprus accelerated in the second quarter of 2006 and also rose faster than initially estimated in the first quarter, according to the latest figures from the Statistical Service. The construction output index in the second quarter reached 138.8 units (base year 2000=100.0), recording an increase of 6.9% over the second quarter 2005. […]

Cyprus Home Price Index – September 2006

The Cyprus home price index is published monthly by BuySell Cyprus Real Estate, a real estate advertiser. The company started to produce its home price index in 2004. It shows the movement of prices at which residential properties in Cyprus are sold and is based on an average of around 400 to 500 home sales/month. […]

Construction cost up 72.9% in 6 years

According to CYSTAT (the Cyprus Statistical Service) data released on Thursday, the construction cost in Cyprus soared 72.9% in the past 6 years. In the second quarter of 2006, the producer price index stood at 171.2 points against 99 points in the corresponding period of 2000. Compared with the second quarter of 2005, the producer […]

Cyprus real estate agents criticize state

The real estate agents have criticized strongly the state for the latest increase in the price of properties, since they believe that it is receives not a negligible sum from the value of sale. “A study revealed recently that 30% of the value of properties go to the state funds. The only way out is […]

Can Cyprus Cope with a Property Boom?

Sir, I read with interest your story urging us to “get ready for a property boom” (October 4). Is Cyprus equipped to cope with this new demand for housing and as a result the need for more residence permits and access to healthcare? The current system seems stretched beyond its resources. As an example, my […]

Cheapest Property in Europe? Maybe Not

WHILE apartments in Nicosia may be cheaper than those in capitals of other EU countries, it does not follow that Cyprus is the cheapest in the EU for properties and real estate, according to chartered surveyor and property appraiser Antonis Loizou. Speaking on Tuesday before the House Commerce Committee, head of the Land Registry Department […]

Get Ready for a Cyprus Property Boom

Property, apartment and detached house prices are expected to increase by seven to 12 per cent in the immediate future, the House Commerce Committee heard yesterday. According to the head of the Land Registry Department, Andreas Christodoulou, Cyprus is the cheapest country in the European Union when it comes to properties, apartments, houses and land. […]

In Defence of the Whingeing Brit

I read with interest the letter from a Scottish lady who left Cyprus, returned to Scotland, and regrets this move homeland for the reasons given and misses Cyprus and the benefits of living here (in her opinion). I look at this issue from a different perspective: my experience of living on this island has obviously […]

Beware when Buying Cyprus Property

Nigel Howarth’s letter in Cyprus Weekly (29 April 05) spurred me to write about my own experience in seeking suitable accommodation to buy in Cyprus. Having lived here for two years now and, having heard horror stories as well as pleasant experiences from friends and acquaintances who, to a man, advised us to use a […]

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