Cyprus News

The Cyprus Statistical Service (CYSTAT) recorded an annual price index rise of 10.73% in construction materials in February 2023 compared with the same month in 2022. At a price index of 136,10 units (base year 2015=100), CYSTAT also recorded an increase of 0.06% from January to February. In the graph above, we observe the recorded …

Construction Materials Price Index at an Increase of 10.73% in February compared to 2022 Read More »

The Cyprus Statistical Service (CYSTAT) recorded an annual price index rise of 12.65% in construction materials in November 2022 compared with the same month in 2021. Source: https://www.cystat.gov.cy At a price index of 133,94 units (base year 2015=100), CYSTAT also recorded a decrease of 0.58% from October to November. In the graph above, we observe …

Construction Materials Price Index at an Increase of 12.65% at end of 2022 Read More »

As we move swiftly into the Summer season of 2022, we must look back on the facts and figures of 2021 and reassess our strategies and expectations. This article reviews the real estate market developments in Cyprus during 2021. All statistics and data are sourced from PwC's 2021 Cyprus Real Estate Year in Review.   …

Cyprus Real Estate Market: 2021 Year in Review Read More »

According to the Statistical Services of Cyprus (CYSTAT), there was a staggering 1362% increase in tourist arrivals in March 2022 compared to 2021. The number of tourists arriving in Cyprus reached 128,840 in March 2022, compared to 8,811 in March 2021 and 55,342 in March 2020. We expect the volume of tourists only to increase …

Spring tourist arrivals in Cyprus almost at pre-pandemic levels Read More »

The New Business Activity Support Plan is a funding scheme introduced by the Ministry of Energy, Trade and Industry and is now accepting applications. The project aims to encourage the youth in Cyprus to build new businesses with the help of some monetary funding. The plan is included in the "TH.ALEIA" Program 2021-2027 and is …

Scheme for the Development of New Business Activity Read More »