The Cypriot real estate market remained stable in 2024, compared to the year before, reflecting the challenges faced by the sector, according to the Cyprus Real Estate Agents Registration Council. In …
CBDT clarifies past investments under old tax treaties safe from new rules
The Central Board of Direct Taxes announced on Wednesday that investments under tax treaties with Mauritius, Cyprus, and Singapore will remain unaffected by the new Principal Purpose Test rule …
Developers call for reform of Cyprus’ jointly-owned buildings laws
Cyprus Property Developers Association director general Mersina Isidorou has called for reforms to jointly-owned buildings laws, as the House reviews new legislation to tackle regulatory gaps.She …
Cyprus sees drop in building materials prices in 2024
The prices of building materials in Cyprus dropped by 0.81 per cent in 2024 compared to 2023, according to a report released this week by the state’s statistical service. The service reported that …
CSE privatisation expected by end of 2025, says chairman
The bill for the privatisation of the Cyprus Stock Exchange (CSE) is undergoing legal review and is expected to reach the House for a vote in February, it emerged on Monday.CSE chairman Marinos …
Cyprus banks see decline in most interest rates in November
Interest rates in Cyprus continued to decline in November 2024, with home loan rates averaging 4.50 per cent, down from 4.62 per cent in October, according to the Central Bank of Cyprus (CBC). The CBC …
Cyprus’ harmonised inflation rises by 2.3 per cent in 2024
Harmonised inflation in Cyprus increased by 2.3 per cent in 2024 compared to 2023, according to a report released this week from the state’s statistical service. The category of restaurants and hotels …
Property developers call for fairer building permit guidelines
The Cyprus Property Developers Association met with the Department for Town Planning and Housing this week to address concerns about the compensatory measures for granting planning permits, …
ECHR rules Cyprus violated property rights over UN buffer zone use
The European court of human rights (ECHR) has delivered a landmark ruling against Cyprus, finding that the state violated property rights by failing to compensate a homeowner whose property has been …
Cyprus Business Now: property investors, consumer complaints, bank profits
EU property investors using platforms like Airbnb has sparked debate over whether countries like Cyprus and Greece will benefit from the shift in demand. Speaking to the Cyprus Mail, Pavlos Loizou, …