Large number of apartment buildings uninsured
The management committee of apartment buildings is legally obliged to insure the jointly owned building and keep it insured at all times against fire, lightning and earthquake, with a licensed ...
Five apartment blocks in Latsia to be demolished in Ktizo scheme
Five apartment blocks in the internal refugee settlement areas in Latsia are to be demolished in October, after an announcement was made on Friday by the interior ministry.
They will ...
Housing: How Cyprus fares compared to rest of Europe
At the end of last year Eurostat published comparative rents, with our own contribution, for apartments and houses in the capitals of various countries in Europe.
The following refers to ...
Real estate is a good investment
The inflation rate in Cyprus is declining, but is still high [at 6.7 per cent in February 2023]. Interest rates are very low, 1.29 per cent for household deposits and 1.27 per cent for ...
Cyprus property sales close to €6 billion, apartment prices and rents shoot up
The Cyprus real estate market enjoyed a strong second half of the year, pushing the total value of all property sales to €5.8 billion for 2022, according to a report released this ...
Incentives are needed to solve the rent crisis
Rising rents and the lack of apartments available for rent are a given. Not only is the situation not being resolved but it looks to be getting worse. This both ...