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, …
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 …