The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including...
Building permits fell in the first quarter of 2023 compared to the corresponding quarter of the previous year, but the total value and area of these permits increased, data released on Thursday by...
09/06/2023
Increased construction costs and increased demand led housing prices to continue their upward trend during the fourth quarter of 2022, with the Residential Property Price Index (RPPI) up by 6.6% year...
08/06/2023
Today, the European Commission decided to send a reasoned opinion to Cyprus for its failure to properly apply EU VAT rules for dwellings purchased or constructed in Cyprus.According to a statement,...
01/06/2023
Minister of Transport, Communication and Works, Alexis Vafeades, underlined the importance of sustainability, as well as health and safety, in the construction sector, on Thursday, during the 76th...
26/05/2023
The Council of Ministers decided on Thursday to revoke Malaysian Jho Low's Cypriot citizenship.A reliable source told CNA that when at the end of March the government saw that there was insufficient...
19/05/2023
The cost of construction materials in April continued decelerating for a third consecutive quarter. According to data released by the Statistical Service of Cyprus (Cystat), the price index of...
18/05/2023
Building permits recorded a 12.7% decrease for the first two months of 2023, compared to the same period of last year, according to data published by the Statistical Service on Friday.During the...
15/05/2023
Real estate sales reached €1,7 billion in the first quarter of 2023, according to the Real Estate Agents Registration Board, which notes that the real estate market maintains its resilience, despite ...
08/05/2023
Construction materials prices were up by 8.15% on an annual basis this March but recorded a slight drop compared to the previous month, data released by the Cyprus Statistical Service on Friday show....
21/04/2023