The boom in the Cyprus property market continued in the first quarter of 2004, since according to Land Registry data, property sales showed an increase of 31% to £248 million against the...
According to CYSTAT data released on Monday, the price in construction materials for April 2004 showed an increase of 6.5% compared to the corresponding period of 2003. The price hike in the...
24/05/2004
According to a Cypronetwork survey released on Friday, the confidence in the constructions sector has dropped 9 points to +8 points, the lowest level for the past 12 months. Property consultant,...
21/05/2004
The Competition Protection Committee is currently examining the possibility of a cartel in the Cyprus iron market, after the recent reports on the press concerning the high prices of the iron,...
19/05/2004
There are two significant changes in the Cyprus cement market for the past few days. On Friday, the Commerce Ministry officially announced the liberalization in the price of cement, while the...
17/05/2004
The demand for properties in Cyprus from overseas has been shifted to the occupied territories and the repercussions on the Cyprus property market will be more perceptible than those of the increased...
17/05/2004
Right wing party DISY recommended on Friday a zero VAT on the purchase of first residence or the drop of the VAT ratio on properties from 5% to 1% - 2% and the deduction of the VAT paid in the...
07/05/2004
At the joint meeting held in Parliament on Thursday, the House Finance and European Affairs Committees decided to impose a 5% VAT on the purchase of first residence with a possible future increase to...
29/04/2004
The bill on the property transfer duties prepared by the Land Registry Department is currently before the Interior Minister, Andreas Christou and the Finance Minister, Marcos Kyprianou, Manager of...
23/04/2004
In anticipation of the solution of the Cyprus issue on the basis of the Annan Plan, the occupied territories of northern Cyprus are currently experiencing a “boom” in the sector of construction. On...
05/04/2004