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, …
Will Cyprus benefit from Spain’s new property tax?
Spain’s decision to impose steep taxes on non-EU property investors using platforms like Airbnb has sparked debate over whether countries like Cyprus and Greece will benefit from the shift in demand.
‘Extreme’ tax hike plan shock for Brits looking to buy or sell a home in Spain
Spain’s plans for an ‘extreme’ tax hike on Brits’ holiday homes could see many look elsewhere for their dream home abroad, with experts suggesting alternatives such as Cyprus and Greece …
Construction output in Cyprus rises 6.5 per cent in third quarter
The Construction Production Index in Cyprus reached 110.92 points in the third quarter of 2024, with 2021 acting as the base year set at 100 points. This marks a 6.5 per cent increase compared to the …
Cyprus government staff reaches 55,248 in 2024
The number of government employees in Cyprus has experienced an increase over recent years, according to a report released on Monday by the state’s statistical service. Specifically, the total number …
Paphos tops short-term rental charts in Cyprus
The number of short-term rental properties has seen significant growth across Cyprus, according to data shared with the House of Representatives by the Deputy Ministry of Tourism. Deputy Tourism …
‘Cyprus must adapt to climate and traveller preference shifts’
Hermes Airports CEO Eleni Kaloyirou on Friday said that Cyprus needs to adapt to evolving travel trends and transportation demands, particularly as climate change and shifting traveller preferences …