Author: Kyriacos Kiliaris

Interest rate hikes threaten property sales

Thousands of borrowers have been stung by interest rate hikes as they see their monthly mortgage instalment increase by hundreds of euros, causing concern...

Tax unused land to tackle supply shortage

House prices and rents are pushed up by a lack of supply, with real estate analysts proposing that authorities take drastic action to bring...

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...

Bar raised for Cyprus retirees

UK and other non-EU pensioners eyeing a retirement home in Cyprus are being pushed to rethink their plans as authorities raise the bar for...

Hiking interest rates impact house buyers

The soaring cost of living and higher interest rates threaten to blow open the real estate sector's recovery, say local stakeholders who want the...

Home-owning dream turns to nightmare

The dream of owning a home is becoming a nightmare for Cypriot millennial couples as a 20% increase in prices in the past year...

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,...

Pushback to VAT change on home buys

MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty...

New lifeline for defaulted borrowers

Cyprus is to throw another lifeline to distressed borrowers to help them keep their homes following its ESTIA scheme for toxic mortgages, which failed...

Cyprus mulls raising bar for expat retirees

UK pensioners eyeing a retirement home in Cyprus may have to rethink their plans, as changes proposed by the government on granting residence permits...

Due Diligence

Due diligence is absolutely essential before committing to buy a property.

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