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Property Prices

Cyprus house price index up 1.2%

The Cyprus House Price Index (HPI) rose by 1.2 per cent in the second quarter of 2021 compared to...
Property Sales

Property sales rising steadily

The number of property sales continued to rise in September 2021 compared with the same month last year, according...
Latest News & Updates

Rising costs push property prices through the roof

Building material prices in Cyprus soared in the first half of the year, sending the cost of construction to...
Latest News & Updates

Pissouri landslide victims slam state’s inaction

People who were living in Pissouri landslide homes accuse the government of double standards in comparison with fire-stricken areas. Residents...
Statistics

Construction material prices surge

For the second consecutive month, the price of construction materials surged in August 2021 compared to August 2020, recording...
Statistics

Strong recovery in construction activity

Construction activity has made a strong recovery from the impact of the COVID-19 containment measures in 2020, with the...
Articles

As Cyprus changes so do properties

Large companies and high-net-worth individuals who purchase houses and apartments either to resell or rent them to third parties...
Legal Matters

Property developers & banks face legal action

The Cyprus Consumer Protection Service (CCPS) has registered 56 applications at court against property developers and banks in connection...
Non-Performing Loans

NPLs remain at 18 per cent of total bank loans

Statistics published by the Cyprus Central Bank reveal that non-performing loans (NPLs) in May 2021 accounted for 18.07% of...
Statistics

Construction material prices escalating

The Price Index of Construction Materials recorded a significant annual increase of 13.6% in July, reaching 114.46 according to...
Legal Matters

EC approves scheme for vulnerable borrowers

The European Commission has approved a Cypriot scheme providing partial debt write-off to distressed, socially vulnerable borrowers with loans...
Statistics

Permits for more than 1,000 new homes authorised

May 2021 saw another rise in the planned number of new homes to be built in Cyprus according to...
Latest News & Updates

Further golden passports revelations

Further revelations concerning the island's disgraced Citizenship by Investment (a.k.a. Golden Passports) scheme, which enabled dubious individuals to acquire...
Articles

Real estate outlook gloomy, Nicosia bucks trend

Real estate specialists are not optimistic over the sector's outlook, as property sales are struggling compared to pre-COVID-19 levels. Property...
Investment

New loans for homes reach record high

Net new loans for house purchasing rose to €114 million in June, reaching a new all-time monthly record since...
Articles

Why construction cost skyrocketed & what’s next?

The construction cost in Cyprus has increased abnormally. The recent hike in diesel price has worsened the situation, as...
Latest News & Updates

Cyprus still considering Golden Passport applications

Despite numerous warnings from the European Commission, Cyprus is still considering 'golden passport' applications that were pending at the...
Property Prices

Cyprus property prices continue to fluctuate

According to Q2 data processed by WiRE, the effects of the coronavirus pandemic are still felt by the Cyprus...
Scams

Limassol man duped in house sale

A Limassol man paid €60,000 over the internet for a house in Cyprus, which turned out to be a...
Articles

Cyprus first-time home buyers’ market

LionGlobal reports that the pandemic and the abolition of the Cyprus Investment Programme may have caused a crack in...
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