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Property Prices

EU house prices up 48% since 2010

The EU's statistical service (Eurostat) reports that house prices and rents in the EU followed a similar path between...
Property Sales

Sales up 18 per cent in first nine months (Update)

The Department of Lands & Surveys reports that 1,157 property sales contracts were deposited at Land Registry offices across...
Property Prices

Property prices & rents continue to rise

Ask WiRE, combining real estate knowhow with technology, has published its Q2 2022 edition of the Ask WiRE Index...
Latest News & Updates

Developers crushed under soaring costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs...
Statistics

Building permits rise in number, value and area

The number of building permits authorized during January 2022 stood at 535. The total value of these permits reached...
Statistics

Land transaction volume & value increase continues

WiRE FS, combining real estate knowhow with technology, has published its analysis of December 2021’s land transactions across Cyprus. WiRE’s...
Legal Matters

Possible change in VAT on new dwellings

Cyprus allows a reduced rate of VAT of 5% on the first 200 square metres of dwellings used as...
Statistics

Construction material prices continue to skyrocket

Construction material prices continued to skyrocket in October as the global economy continues to pick up in the wake...
Statistics

Construction material price hikes continues

The price of construction materials continued to surge in September as the global economy picks up in the wake...
Latest News & Updates

Small increase in the construction of new homes

The Cyprus construction sector staged a slight recovery May falling by just 0.1% compared to May 2019, the month...
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Foreclosure warning letters on the rise

The number of foreclosure warning letters being sent by the Cyprus banks to borrowers who fail to maintain their repayments is on the rise, according to information from the Cyprus Central Bank
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Hotel projects grow as Airbnb is to be regulated

New hotels are sustaining a construction industry boom as hoteliers also go ahead with renovations and expansions, despite challenges posed by private self-service accommodation units.
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IMF: Reinstate Immovable Property Tax

The International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and raising transfer duty to increase revenues.
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Zero rent increase – wrong decision

How will foreign investors invited to put money into the Cyprus property sector interpret the decision by the Government's Council of Ministers that there will be no rent increases until 2019?
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Marginal increase in building permits

The number of building permits authorised by the municipal authorities and the district administration offices during May 2016 stood at 440 according to the Cyprus Statistical Service.
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Property sales increase (Updated)

The number of properties sold in Cyprus during June increased compared with the same month last year according to official statistics published by the Department of Lands & Surveys.
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Expatriates could pay more tax

Expatriates who rent out their houses in Britain supplement their income abroad could find themselves paying more tax on their rental income under proposals prepared by George Osborne.
Latest News & Updates

Domestic and overseas property sales increase

Sales of property in Cyprus to the domestic and overseas market both improved in June according to the latest statistics from the Department of Lands and Surveys with the number of contracts deposited increasing.
Latest News & Updates

Sharp increase in non-performing loans

A recently issued report on Cyprus issued by the International Monetary Fund (IMF) anticipates a sharp increase in non-performing loans following their reclassification to include all loans in arrears for more than 90 days.
Latest News & Updates

Brits continue to set up home here

It appears that an increasing numbers of Brits are deciding to live in Cyprus but they are being sensible and very cautious about buying and choosing to rent property on a three to six month basis.
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