Business Development

Business

Cyprus economy slows down in fourth quarter amid regional tension

Cyprus’ Composite Leading Economic Index (CLEI), a key economic indicator compiled by the University of Cyprus’ Economic Research Centre (CypERC), remained positive in the fourth quarter of 2023, albeit while experiencing a slowdown during this period. The centre noted that the ongoing deceleration of the index underscores the challenges posed by a geopolitical environment rife with tension, combined with a broader sense of economic instability, on

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Business

Mortgage of a share of a plot

The mortgage burdens the share of the plot and the building and not the apartment During the construction of apartment buildings, in their attempt to sell apartments, developers often facilitate buyers in securing a loan from a bank by offering a mortgage on a share of the plot or land that corresponds to the apartment. They believe they are helping the buyer and that the other

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Business

Swapping a house for an apartment

The question of whether to swap a house for an apartment comes up quite regularly for homeowners who have reached a certain age. Circumstances change. Children grow up and leave home, older people are not as active as they used to be and finances are not as healthy as were when their house was built or purchased. When investing in a house for a family with

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Business

Cyprus leads EU in cross-border investment services

Cyprus has emerged as the top-ranking European Union member state in providing cross-border investment services, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission (CySEC). The announcement came following a session of the House Finance Monday on Monday, where Theocharides presented the commission’s budget for 2024. The CySEC chairman also outlined the commission’s plans to introduce a regulatory framework for crypto-assets from 2025.

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Business

Συναρπαστικές Εξελίξεις στην Κυπριακή Κτηματαγορά: Μια Επισκόπηση των Τελευταίων Τάσεων

Η Κύπρος εδώ και καιρό αποτελεί ένα σημαντικό κέντρο ενδιαφέροντος για την κτηματαγορά, και πρόσφατες εξελίξεις αποτελούν την απόδειξη της συνεχούς ανάπτυξης και της έλξης της αγοράς ακινήτων σε αυτό το όμορφο νησί της Μεσογείου. 1.* *Άνοδος των Smart Homes: Η τελευταία τάση στην κτηματαγορά της Κύπρου επικεντρώνεται γύρω από τα smart homes. Οι κατασκευαστές ενσωματώνουν προηγμένη τεχνολογία σε νέες κατασκευές, προσφέροντας χαρακτηριστικά όπως οικιακή αυτοματοποίηση,

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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

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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