The Council of Ministers approved today the "Rent vs Instalment Scheme", following the approval by the European Commission's Directorate General for Competition on July 6, Government Spokesperson ...
The value of transactions in the real estate sector amounted to €1.52 billion in the second half of the year, with the market bearing the impact from the interest hikes, inflation and the increased...
12/07/2023
House Price Index (HPI) recorded a 5.9% increase for the first quarter of 2023, marking its fifth consecutive quarterly growth compared to the same period in 2022, according to a preliminary estimate...
06/07/2023
Construction materials prices started to stabilise in Cyprus, with the Price Index of Construction Materials decreasing 0.06% in May, compared to April, according to data published by the Cyprus...
19/06/2023
The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including...
09/06/2023
Building permits fell in the first quarter of 2023 compared to the corresponding quarter of the previous year, but the total value and area of these permits increased, data released on Thursday by...
09/06/2023
Increased construction costs and increased demand led housing prices to continue their upward trend during the fourth quarter of 2022, with the Residential Property Price Index (RPPI) up by 6.6% year...
08/06/2023
Today, the European Commission decided to send a reasoned opinion to Cyprus for its failure to properly apply EU VAT rules for dwellings purchased or constructed in Cyprus.According to a statement,...
01/06/2023
Minister of Transport, Communication and Works, Alexis Vafeades, underlined the importance of sustainability, as well as health and safety, in the construction sector, on Thursday, during the 76th...
26/05/2023
The Council of Ministers decided on Thursday to revoke Malaysian Jho Low's Cypriot citizenship.A reliable source told CNA that when at the end of March the government saw that there was insufficient...
19/05/2023