HomeStatisticsConstruction materials prices up 12.65%
Statistics

Construction materials prices up 12.65%

By Nigel Howarth
cement for construction
StaraBlazkova, CC BY-SA 3.0 , via Wikimedia Commons

The price index of construction materials rose 12.65 per cent in November on an annual basis, while falling by 0.58% compared with October according to the Cyprus Statistical Service.

Compared to November 2021, the Cyprus Statistical Service reports price rises in metallic products of 12.80%, minerals 13.25%, products of wood, insulation materials, chemicals and plastics 12.16%, mineral products 13.19% and electromechanical products 11.54%.

chart

table

Previous article
Building permits continue to fall
Next article
Land Registry department modernising its records

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.

DO THESE CHECKS BEFORE BUYING

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.)

CALCULATE YOUR TRANSFER FEES
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.

CALCULATE YOUR CGT LIABILITY

Elsewhere in Cyprus Property News