Business

Business

Bad tenant register suggested as way to normalise rental prices

Council for Registration of Real Estate Agents president Marinos Kineyirou this week released a statement addressing the issue of soaring rental costs in Cyprus. “The troubling situation with rents is growing as inflationary pressures mount and household disposable income is squeezed,” Kineyirou said. “At a time when everything is getting more expensive, we see that the whole issue is becoming a subject of discussion not only

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Business

Solutions to the rent problem

A good effort by the Cyprus Land Development Organisation (ΚΟΑG) to offer properties for rent (residential) at affordable levels. The announcement by this organisation and Limassol municipality to help lower income groups face in paying rent is noteworthy, although the supply to be provided is not enough to address the problem. In addition to the above effort, we had previously suggested our own thoughts on the

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Business

Property developers scramble to meet demand as Limassol leads the way.

The high demand in the Cypriot real estate sector is in the process of being met with numerous high-value investments, with the Limassol district taking the lion’s share, the Council for Registration of Real Estate Agents said on Thursday. “The dynamic momentum that has developed in Limassol’s real estate sector continued unabated during the second quarter of 2022,” the council said, noting that Limassol accounted for

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Business

Turning tenants into buyers

A two-pillar solution to stop the ever-increasing rents There has been a change of pace in the real estate sector in Limassol. The increased demand from the local market for residential development lately, is slowly turning the interest of property developers towards the construction of more affordable real estate, largely setting aside the creation of high-end developments. Analysing the current trends in the real estate sector, before the

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Business

Real estate sector resilience to be tested in coming months

Cyprus’ real estate sector is exhibiting resilience and adjustability, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Monday. However, Kineyirou warned that the market will become more challenging in the coming months as households’ purchasing power will continue to be squeezed, while businesses are likely to put off any major investments for a later time. “At the same time, the upcoming increase

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Business

The quality of a house depends on certain criteria

We are very often faced with the question of whether improving the quality of a project will pay off. This is not an easy question and the answer depends, amongst other things, on what the quality is and whether the cost of higher quality is affordable for the wide market. The main criteria in terms of quality, is the location. The better the location, the availability

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Business

Increasing the chances of selling an older house

Homes that are 30-40 years old are likely to need improvements to meet today’s standard of living, especially houses which were built according to the owner’s specifications at the time. This is particularly important if you are thinking of selling at any point. Regrettably, nowadays, houses are like a car, in that each year a new model comes on the market with all sorts of added

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Business

Things looking grim for real estate sector

Our office spoke over the phone to a Reuters journalist who wondered why there has been no strong reaction from Cyprus to EU proposals such as banning the purchase of real estate by Russians (and Russian companies) in member countries. We have been informed that at this stage there is no provision for rentals, only real estate purchases, but who knows what will follow. The position

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Business

Click Home Property Consultants

We are pleased to inform you that Zillien Advertising Agency (Zillien Property Consultants) and Click Home Cyprus Real Estate (Reg num:1042, 486/E) merge and this move is an excellent step for both companies which continues to push into new services and opportunities that further expand its relationship with customers. With a new name ‘Click Home Property Consultants‘ The new services that we will be provided with

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Business

‘Construction sector can support Cypriot economy in difficult times’

Cyprus Land and Building Developers Association general manager Mersina Isidorou on Tuesday said that the Cypriot construction sector can help the economy withstand the challenges that it is being faced with. “Our industry is essentially Cyprus’ heavy industry,” Isidorou said, adding that it should once again assume the role of the core pillar of support and help the economy overcome the difficulties and challenges that have

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