HomeNews MenuLatest News & UpdatesPrice Index of Construction Materials, December 2006

Price Index of Construction Materials, December 2006

Figures released by the Cyprus Statistical Service show that the Price Index of Construction Materials for December 2006 reached 133.72 units (base year 2000=100.00) recording a marginal increase of 0.03% over the previous month.

For the period January – December 2006, the index recorded an increase of 4.98% over the corresponding period of the previous year.

This rise of the index over the last year is mainly due to the price increase of the following materials:

  • Copper pipes: 41.1%
  • Electric wire: 39.8%
  • Bituminous mixtures (Bitumen Asphalt): 19.9%
  • Premix: 13,4%
  • Round bars of iron: origin E.U.: 9.0%
  • Aluminium metallurgy products: 7.5%
  • Iron metallurgy products: 7.0%
  • Bricks: 6.4%
  • Crushed sand: 5.5%

A decrease in the price index has been recorded in a number of materials such as:

  • Plastic tubes: 4.3%
  • Cement products: 1.1%

RELATED ARTICLES

Essential Due Diligence

While buying property in Cyprus holds many opportunities, it also comes with risks. Carrying out due diligence before signing a sale agreement is essential to safeguard your investment, avoid legal complications, and ensure peace of mind.

Top Stories

Property Transfer Fees

Transfer fees are charged by the Department of Lands and Surveys (DLS) when the full legal ownership of a property is transferred to the purchaser. (In some cases this process can take many years, causing angst & frustration for buyers.)

EUR - Euro Member Countries
GBP
1.1676
RUB
0.0103
CNY
0.1292
CHF
1.0580

Capital Gains Tax

Capital Gains Tax (CGT) is generally 20% on the taxable gain from selling immovable property - and it can also apply to certain disposals of shares in companies holding real estate on the island, subject to applicable exemptions and deductions.

Elsewhere in Cyprus Property News