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Useful Information

March 4, 2024

<strong>CBC projects GDP growth at 2.6%, 3.1%, 3.2% in years 2024-2026</strong>

The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to

February 21, 2024

<strong>EC approved interest subsidy scheme for housing loans</strong>

The European Commission's DG Competition has approved an interest subsidy scheme for housing loans concluded between

February 20, 2024

<strong>Commission forecasts GDP growth and inflation slowdown for Cyprus</strong>

The European Commission’s Winter Interim Forecast has predicted GDP growth in Cyprus to increase by

January 10, 2024

Real estate sales in 2023: 16% increase, Limassol tops the list as Larnaca rises

Last year ended on a positive note for the Cypriot real estate market, with all

January 9, 2024

Building permits no longer required for small-scale housing construction

The Ministry of Interior is striving to complete the simplification of the development control system

December 28, 2023

GDP expected to rise in 2024-2026, unemployment and inflation to fall

The GDP growth rate for 2023 is expected to reach 2.2%, while for the years

August 8, 2023

<strong>Significant surge in real estate market amid soaring demand</strong>

The real estate market in Cyprus recorded a noteworthy upswing during the first quarter of

July 4, 2023

Reduced Vat on Properties – New Rules!

On the 8th of June, the Cyprus Parliament voted that the reduced VAT rate of

April 12, 2023

<strong>IMF maintains Cyprus’ economic growth at 2.5%</strong>

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at

March 31, 2023

<strong>Central Bank: GDP growth estimated at 2.6% in 2023</strong>

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this

March 31, 2023

<strong>Real estate investments continue to follow an upward trend</strong>

Minister of the Interior Konstantinos Ioannou said on Wednesday that real estate investments in Cyprus follow

February 20, 2023

<strong>Construction materials at highest point since 1986</strong>

The Price Index of Construction Materials for January 2023 reached 136.01 units (base year 2015=100),