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Affordable housing units to bring down prices and rents

Developers in Cyprus have welcomed the Cabinet's approval of a set of incentives for the construction of affordable housing...

Millions earmarked to tackle housing crisis

The government on Tuesday announced its plan to tackle 'the housing problem' as it said that €77 million will...

Cost of living in Cyprus

The estimated cost for a family of four living in Cyprus is €3,861/month, while the estimated cost for a...

Stakes raised in 5% VAT rules fiasco

The European Commission has decided to send a reasoned opinion to Cyprus for its failure to properly apply EU...

Cyprus facing housing crisis

Cyprus is facing an unprecedented housing crisis, which primarily affects the younger generations, President Nikos Christodoulides said on Friday...

Demand for housing loans down 40%

Demand for housing loans dropped by almost 40% in the first quarter of the year, as Cypriot households are...

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...

Building permits August 2022

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

Unpaid housing loans cause concern

The finance ministry has expressed alarm and dissatisfaction at the high amount of money owed to public-law organisations that...

Inflation threatens home-owning dreams

Hiking inflation is threatening to halt an upward trend in housing loans from Cypriot banks recorded in the past...

Pressures mounting on property prices

In the latest edition of its Residential Property Price Index (RPPI), the Cyprus Central Bank reports that property prices...

Soaring rents harm job market

There is a Catch-22 when seeking a high-paid job, especially in Limassol, where exorbitant rents are a turn-off. This results...

Rising costs could derail house prices

The Central Bank of Cyprus has expressed its concern over the soaring price of building materials, sending the cost...

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...

Less than 1 in 5 Estia applications approved

The Ministry of Finance has released the provisional results of its Estia housing loan subsidy scheme. From the 4,374 completed...

Government extends interest rate subsidy scheme

The government has extended the interest rate subsidy scheme for housing and corporate loans until the end of 2021...

Cyprus housing market set to slowdown

The housing market in Cyprus is set to slowdown in the medium term following a reduction in the number of sale contracts deposited at Land Registry offices during the second half of 2019.

Construction and housing statistics 2014

The Statistical Service of Cyprus (CYSTAT) has published the annual report "Construction and Housing Statistics, 2014", which contains detailed data on the performance of the industry during 2014.

50,000 housing units in Cyprus unsold

Up to 50,000 housing units in Cyprus have remained unsold for a considerable time based on the difference between the number of building permits authorised and contracts of sale deposited at Land Registry offices.

Construction and housing statistics (2013)

The Statistical Service of Cyprus (CYSTAT) has published the annual report "Construction and Housing Statistics, 2013", which contains detailed data on the performance of the industry during 2013.

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