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Latest News & Updates

Cyprus set to extend 5% VAT on new homes

Cyprus is poised to extend the reduced 5% VAT rate on primary residences until the end of the year,...
Latest News & Updates

Cyprus building permits rise in number, size and value

Building activity in Cyprus surged during the first ten months of 2025, with more building permits authorised and larger,...
Property Prices

Price of new homes skyrocketed in Q1 2025

Cyprus has seen a dramatic shift in the prices of newly built homes during the first quarter of 2025,...
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...
Property Sales

New home sales exceeded €2 billion in 2024

The Cyprus property market recorded a strong growth in 2024, with the sales of new homes exceeding €2 billion,...
Articles

Cyprus’ housing shortage crisis: causes & possible solutions

There has been much in the news recently about the housing shortage, caused by a combination of factors that...
Property Prices

New home prices: houses and apartments

Last week, Landbank Analytics released an in-depth report on the number and value of new homes purchased in Cyprus...
Property Sales

New home sales exceed €1.9 billion in 2024

The property market has witnessed a significant increase in new apartment sales during the first nine months of 2024,...
Legal Matters

5% VAT rate on new homes extended

Parliament has passed a law, with 34 votes in favour and one against, granting beneficiaries to request a reduced...
Articles

Are new homes more compelling than resales?

An analysis by the managing director of Paphos-based real estate company Property Canvas, Christos Nikolaou, suggests that investing in...
Legal Matters

Amend property VAT laws or else!

The European Commission has given Cyprus until mid-February to enact new legislation governing the levying of reduced VAT on...
Articles

2022 in review: cheaper housing in short supply

There's a lot to whine about and I'm generally pretty good at it, so here goes: decent housing is...
Legal Matters

Europe issues VAT ultimatum on new homes

The European Commission has sent an ultimatum to Cyprus regarding the island's abuse of the European Directive on reduced...
Statistics

Building permits continue to fall

The number of building permits authorised in Cyprus during September 2022 stood at 670. The total value of these...
Legal Matters

MPs seek deal on reduced VAT for new homes

MPs seek a compromise on reduced VAT for first homes after the European Commission initiated infringement proceedings against Cyprus...
Legal Matters

Compromise VAT bill on new homes

The government has retabled a bill for reduced VAT on first homes, aiming to find the sweet spot between...
Statistics

Building permits fall in value and area

The number of building permits authorized in Cyprus during May 2022 stood at 761. The total value of these...
Statistics

Building permits fall in number, value and area

Building permits authorised in April fell in number, value and area as the rocketing prices of building materials hit...
Statistics

Reduction in building permits authorised in March

The number of building permits authorized in Cyprus during March 2022 stood at 642. The total value of these...
Statistics

Building permits increase in number, value & area

December 2021 figures from the Cyprus Statistical Service show that a total of 778 building permits were authorised during...
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