The increased construction cost in the past few years has pushed the Cypriot buyers to choose flats instead of detached houses. According to CYSTAT data released on Monday, the area for the detached...
According to CYSTAT data released on Friday, the Building Material Index in August 2007 surged 6.1% to 140.51 points against 132.41 points in the corresponding months of 2006. The highest...
Finance Minister, Michalis Sarris analyzed on Thursday the main reasons that have contributed to the increase in the price of properties. Speaking after his meeting with EVROKO President, Demetris...
The government together with other EU member states requested by the European Union to impose the 15% VAT on the purchase of property in 2010. In his statements before the Parliament, Finance...
INTRAKAT signed recently with the Cypriot company Vert & Blanc, which is based in Limassol and is actively involved in the sector of constructions, two new contracts of metallic constructions...
The cement sales in the domestic market recorded a sharp increase, influenced by the increased construction projects. According to latest CYSTAT data, cement sales in January – August 2007 recorded...
Two months after the CB Circular to all banks for a cut in the lending ceiling in the property market, protests have become stronger. In a new letter to Central Bank, Pancyprian Association of Land...
The sharp increase in the price of properties has made the purchase of a house by the low and middle class difficult. Five months before the presidential elections, StockWatch requested by the...
The repercussions from the Central Bank’s decision to cut the lending ceiling for the purchase of a house from 70% to 60% was the major issue of talks between Finance Minister, Michalis Sarris and...
Central Bank Governor, Athanasios Orphanides explained the Central Bank’s move to cut the lending ceiling for the purchase of a property from 70% to 60%. Speaking after the Monetary Policy Committee...