Real Estate

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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Business

‘Cyprus property market not going through a bubble’

Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the Cypriot property market is not currently going through a bubble, despite the concession that prices have indeed been increasing. “It is a given and expected that as the prices of raw materials continue their upward trend, the final selling prices of new properties will inevitably increase,” Kineyirou said, explaining that the

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Business

Cyprus economy: challenges and prospects

Cyprus’ GDP decrease in 2020 was bound to 5 percent, notwithstanding disturbances in global exchange, supply chains, and air transport. Simultaneously, unemployment was reduced to moderately low, given the conditions, level of 7.5 percent. By 2021, Cyprus outperformed beginning assumptions, arriving at a palatable development pace of 5.5 percent. The better than expected performance in 2021 is mainly attributed to four factors: (a) the containment of

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Business

Cyprus’ recovery and resilience plan.

Following an unprecedented crisis due to the pandemic, Cyprus’ recovery and resilience plan responds to the urgent need of fostering a strong recovery and making Cyprus future ready. The reforms and investments in the plan will help Cyprus become more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions. To this end, the plan consists of 75 investments and

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Investments

Lebanese Market

IS BUYING A PROPERTY IN CYPRUS A GOOD INVESTMENT? As a large Mediterranean island, Cyprus boasts long stretches of gorgeous beaches, a tranquil lifestyle under the sun, and reasonably priced luxury villas. This makes it incredibly tempting for expats to buy real estate in Cyprus, with most families choosing to either relocate or possess a second home in this piece of paradise. For many years Cyprus

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Business

4 Reasons Why You Should Invest In Cyprus

Cyprus and specifically Limassol are presently going through a period of heavy development. The latest records on building permits show a dramatic and continued increase from 2017 until this very day. Rental prices and property values are increasing with high-rise buildings and large-scale projects being built uninterruptedly and changing the Limassol landscape. Business-Friendly Environment Numerous factors are adding to the rise of the need for real

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Investments

What Millennials Expect From Their New Home

Millennial home buyers have entered the housing market in a big way. This group is now considered to be the largest group of home buyers. If you are thinking of selling your own home, these are the things you have to know before you do so. Perfection First 68% of millennials say they will use their first home as a stepping stone towards their dream home,

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