Construction costs hike threaten recovery

Construction costs hike threaten recovery

Real estate and construction stakeholders want the government to soften the blow delivered by an “abnormal” increase in construction costs, warning that development could screech to a halt. A leading developers’ lobby group has warned the government that many projects will be put on ice if action is not taken, halting the country’s recovery following th...
Real Estate Monday, 15 November, 2021
2021 Q3 Property Market Report

2021 Q3 Property Market Report

We know the local property market intimately – the facts, the figures, and the trends. So, you can count on us to get you the results you need when you need them. Our Property Report includes important items you need to be aware of as a property owner. Download our Q3 2021 Property Market Report below....
Real Estate Monday, 04 October, 2021
Property sales continue to improve

Property sales continue to improve

The number of property sales in Cyprus continued to improve in August 2021 compared to the same period last year according to figures released by the Department of Lands and Surveys. During August 2021, a total of 724 contracts for the sale of property were deposited at land registry office across the Republic, an increase of 29% compared with the 561 contracts deposited durin...
Real Estate Monday, 06 September, 2021
Recovery in property sales slows

Recovery in property sales slows

Cyprus property sales continued to improve in July but slower than in previous months, with sales to the overseas market leading the way and a small drop in sales to the domestic market compared July 2020 according to figures released by the Department of Lands and Surveys. Total sales During July a total of 864 contracts for the purchase of real estate comprising residential...
Real Estate Monday, 09 August, 2021
Cyprus Property Index recovering

Cyprus Property Index recovering

The Residential Property Price Index recorded an increase for the first time since the beginning of 2021.  Apartments showed an increase of 1.2% in prices compared to last quarter while houses rose by 0.2%.  Since the beginning of 2021 apartments had a total increase of 2.5%.  There is no clear reason for the increase however it is possible that this...
Real Estate Thursday, 01 July, 2021
General Government Records Fiscal Deficit €187.9 Mn In The First Quarter Of 2021

General Government Records Fiscal Deficit €187.9 Mn In The First Quarter Of 2021

General Government recorded a fiscal deficit of €187.9 mln for the period of January-March 2021, as compared to a surplus of €226.9 mln that was recorded during the period of January-March 2020, according to preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT).During the first quarter an increase in expenditur...
Local Tuesday, 01 June, 2021
EU Plan for Overseas Tourists

EU Plan for Overseas Tourists

EU Countries will be able to accept tourist from countries that are not members of EU if they are vaccinated with one of the four approved jabs (AstraZeneca, Pfizer, Moderna, J&J). Children’s will be allowed to travel with their parents with a negative test....
International Tuesday, 04 May, 2021
Ryanair New Summer Schedule regarding Cyprus

Ryanair New Summer Schedule regarding Cyprus

Ryanair announced 34 routes in total with 5 new entries (Bari, Bologna, Corfy, Rhodes, Venice and Venice Treviso).   Prices start just under €20 per seat. Maria Kouroupi, Hermes Airports Senior Manager Aviation Development & Communication, was pleased by the new entrance and the fact that Ryanair will keep its base in Paphos International Airport. ...
Local Friday, 02 April, 2021
Cyprus first in Europe for testing and fifth for vaccines.

Cyprus first in Europe for testing and fifth for vaccines.

Cyprus with just under 36,000 test per 100,000 population remains in the first position among Europe and fifth with almost 15 vaccinations per 100 people. Total number of vaccinations were 131,623 of which approximately 28% have done both doses. ...
Local Tuesday, 23 March, 2021
Post-Brexit Trade: UK Delays EU Import Checks

Post-Brexit Trade: UK Delays EU Import Checks

Concerns are growing that imports will be delayed by several months according to UK government, since more time is needed for good entering from the EU. The initial plan was to begin checks next month however this has now been postpone to October. EU had immediately imposed tarrifs to UK goods from January. ...
International Friday, 12 March, 2021
Cyprus open up from 1st of May for British Travellers

Cyprus open up from 1st of May for British Travellers

Cyprus announced that it will allow entry to British tourist that have been vaccinated without any as of 1st of May. Tourist that have had both doses of the vaccine 7 days before travelling will not have to enter into mandatory quarantine time and present any negative COVID-19 test.  ...
International Monday, 08 March, 2021
CySEC Launches New Brexit Information Hub

CySEC Launches New Brexit Information Hub

CySec created a new website with information regarding compliance after Brexit for both individuals and corporates. The website is accessible here. The new Hub can provide information’s regarding the regulated sector, official announcements and Circulars addressed to regulated firms....
Business Thursday, 04 March, 2021
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