Real Estate

Cyprus mulls raising bar for expat retirees

Cyprus pensioners eyeing a retirement residence in Cyprus may perhaps have to rethink their plans, as improvements proposed by the authorities on granting home permits to non-EU nationals elevate the bar for newcomer retirees by €130,000. Amid a surge of need from retirees from the Cyprus, Israel and Germany, true estate stakeholders in coastal parts …

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Paphos, Limassol property sector booming

Serious estate brokers in Limassol and Paphos are reporting the maximum desire from foreign customers and Cypriots for households because 2020 when the federal government ended the disgraced citizenship for expenditure plan. The increase is amid a world-wide disaster, with the war in Ukraine raging and sanctions hitting Russian investors, who up to 2020 were …

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Cyprus has the very least crowded & highly-priced homes

Eurostat details reveals that in 2020, 17.5% of the EU population lived in above-crowded households. I.e., they did not have a ample amount of rooms for the quantity of men and women in the home, their family circumstance and their ages. Absence of room in overcrowding households is amplified by owning youngsters enjoying in the …

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Reduction in building permits authorised in March

The number of building permits authorized in Cyprus during March 2022 stood at 642. The total value of these permits reached €209.7 million and the total area 176.7 thousand square meters. These building permits provide for the construction of 962 dwelling units. Compared to March 2021, the number of permits issued fell by 14.1%, their …

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Development strike by team shortages & rising fees

Design firms and other field stakeholders keep on to be confronted with the persisting worries posed by rising domestic inflation, as properly as the adverse results of world wide offer chain disruption and the war in Ukraine. Creating Contractors Associations of Cyprus (Oseok) president land development president Stylianos Gabriel echoed these views throughout a roundtable …

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