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Affordable apartments priced at €124,000 by year end

The Cyprus Land Development Corporation (KOAG) has announced the availability of affordable apartments, each measuring 75 square metres, at...

Ministry to axe building permits for low-risk developments

The interior ministry on Wednesday announced it will be simplifying the applications process for low-risk developments through changes in...

Homes under the hammer

Following the ending of the freeze on repossessions at the end of January 2023, lenders sent hundreds of letters...

Law on first homes reduced VAT passed

By nearly a unanimous vote, and under the watchful eye of Brussels, parliament on Thursday passed a law allowing...

Building permits August 2022

The number of building permits authorized in Cyprus during August 2022 stood at 510. The total value of these...

Cyprus has least crowded & costly homes

Eurostat data reveals that in 2020, 17.5% of the EU population lived in over-crowded households. I.e., they did not...

Lenders told not to foreclose on properties

The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive...

Cyprus tops housing for investment but…

Cyprus has the highest percentage of its GDP invested in the housing sector compared with other EU Member States,...

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