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Latest News & Updates

Local property taxes & rubbish fees set to rise this year

Local councils across Cyprus are facing new restrictions and obligations as Parliament steps in to curb runaway increases in...
Latest News & Updates

Cyprus property prices set to fall as housing supply grows

Cyprus is poised for a decline in both rental and property purchase prices over the coming years, President Nikos...
Latest News & Updates

Will Cyprus benefit from Spanish tax hike?

Britons are expected to invest in Cyprus and Greece instead of Spain, experts say, as Spain plans a 100%...
Property Prices

Housing prices maintain upward trend

The upward trend in housing prices, primarily driven by increases in apartment prices, persisted during the fourth quarter of...
Property Sales

Property sales still growing

The number of property sales in October (as measured by the number of contracts deposited at Land Registry offices)...
Latest News & Updates

Cyprus residents almost priced out of housing

Cyprus is facing a critical situation when it comes to being able to access housing, with numerous indicators painting...
Statistics

Apartment blocks offset decrease in total projects

The Cyprus construction sector saw a 16.5 per cent increase in the total value of building permits during the...
Latest News & Updates

Renting in Limassol – forget it

Renting in Limassol has become a mission impossible, as real estate agents now report that long waiting lists are...
Articles

Empty housing could help supply shortage

While property prices and rents rise due to a shortage in supply, some 33,000 homes across the island are...
Statistics

Construction material prices up 8.15%

Construction materials prices rose by 8.15% on an annual basis this March but recorded a slight drop compared to...
Latest News & Updates

Apartments are an endangered species

Apartments in the Cyprus coastal town of Limassol are now an endangered species as demand has outstripped supply with...
Property Prices

House prices rose 4.4 per cent in 2022

In the fourth quarter of 2022, house prices in Cyprus rose 4.4% compared with the same quarter of 2021,...
Statistics

Construction material prices hit new high

The price index of construction materials rose 10.73 per cent in February on an annual basis and increased by...
Property Sales

Sales growing from strength to strength

Cyprus property sales are growing from strength to strength according to official statistics from the Department of Lands and...
Property Prices

Can’t buy, unable to rent

Increased mortgage rates have dashed dreams of owning a home, leaving many in a catch-22 situation as rents are...
Investment

Annus Horribilis for Cyprus banks

Over the last three years, Cyprus banks had struggled to deal with their past and unload non-performing loans from...
Property Prices

Continued growth in Limassol apartment values

During the third quarter of 2022, the sale values of properties across Cyprus rose 3.9% for apartments, 1.1% for...
Property Prices

RICS with KPMG reports rising property values

In their overview of real estate activity in Cyprus during the third quarter of 2022 RICS Cyprus with KPMG...
Property Sales

Property sales €1.65 billion in Q3

Despite the adverse economic conditions, the Cyprus real estate market saw a 34% increase in the value of property...
Latest News & Updates

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...
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