The increased construction cost in the past three years urged Cypriots to select smaller and cheaper housing units. According to CYSTAT data released on Tuesday, the average area of housing units...
The Urban Planning Council is considering proceeding to radical changes with regard to the four local plans on Cyprus’ four largest cities (Nicosia, Limassol, Larnaca, Paphos), which had been...
The increase in the price of fuel products in October reached 40.7%, pushing once again the building material index up for this month. According to CYSTAT data released on Friday, the cost of...
According to CYSTAT data released on Friday, local cement sales in October recorded a drop of 1.18% to 136.293 tons against 137.919 in October 2004, when they had showed an increase of 10.75%...
The demand for smaller houses by Cypriots has become stronger lately, as a result of the sharp increase in the construction cost. The shot in the price of housing properties in the past three years...
At the meeting held on Wednesday, the Council of Ministers approved the amended bill on the return of the VAT for the first residence. The bill will be subject to the Parliament’s approval in the...
Domestic cement sales in September recorded a drop. According to CYSTAT data released on Wednesday, cement sales in September 2005 shrunk 3.95% to 140,080 tons against 145,837 tons in the...
The increase in the price of oil in the past few months pushed the price of construction materials up. According to CYSTAT data released on Monday, the cost of construction material increased by 4%...
The boom in the property market has pushed the inflow of foreign exchange in Cyprus up in the past few years. According to official data submitted to StockWatch by the Central Bank of Cyprus, the...
The investments for the construction of new housing buildings slowed down in 2004, reaching £462 million compared to 2003. After the construction boom in 2002-2003, the capital flow returned to a...