Our News/Articles

06 Oct

The Cyprus Economy and the Real Estate Market

The interaction between the economy and the real estate market is unquestionable. A number of empirical studies in several countries, including Cyprus, have confirmed the positive effect of economic growth on the real estate market, as well as the positive...

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03 Aug

RICS Cyprus Property Price Index 2nd quarter 2015

This is the twenty-third publication of RICS Cyprus’ Property Price Index, a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts...

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11 Jun

RICS Cyprus Property Price Index 1st quarter 2015

This is the twenty-second publication of RICS Cyprus’ Property Price Index, a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts...

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16 May

Seminar 5-6 June at ETEK. Instructor Thomas Dimopoulos.

2 days seminar organised by the Technical Chamber of Cyprus. Thomas Dimopoulos, the Managing Partner of AXIA, is one of the instructors. The topic is Introduction to property valuation methodology. More details here And analytical programme her...

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12 Feb

RICS Cyprus Property Price Index 4th quarter 2014

This is the twenty-first publication of RICS’ Cyprus Property Price Index, a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts...

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26 Dec

RICS Cyprus Property Price Index 3rd quarter 2014

During the third quarter of 2014 the Cyprus economy showed some signs of stability, with the economy’s performance being better than expected at the end of 2013 and tourism outperforming forecasts. Unemployment remained at a historical high level,...

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26 Sem

Property taxation in Cyprus & the New General Valuation

For the last 30 years, the Cyprus government has been implementing an ad valorem (based on market value) property taxation system using market values with a reference date January 1st, 1980. This taxation basis was supposed to ensure horizontal and vertical...

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30 Aug

RICS Cyprus Property Index 2nd quarter, 2014

RICS Cyprus Property Price Index  Q2 2014 – Prices as at 30/06/2014 This is the nineteenth publication of RICS Cyprus’ Property Price Index, a quarterly price and rental index which is based on methodology...

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25 Jul

NYT article concerning Cyprus Banks bailout

The article is signed by Landon Thomas Jr and is titled 'A secret in Cyprus Bank Bailout Stirs Resentment'. We provide the article in its original form, without any comments. Of all the financial implosions in the eurozone, few matched...

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26 Jun

RICS Cyprus Property Index 1st quarter, 2014

RICS eighteenth Cyprus Property Price Index has recorded falls in almost all asset classes across the country in the first quarter of 2014. According to the survey, however, the Cyprus economy began stabilising in the first quarter of 2014 from...

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11 Dec

RICS Cyprus Property Index Q3 2013

This is the sixteenth publication of RICS Cyprus’ Property Price Index, a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts...

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23 Jul

Cyprus in international context

Fears of prolonged house price decline continue to decrease buyers’ confidence in today’s holiday home market. Based on evidence from the UK buyer market take-up in second homes abroad in 2011 has dropped below the pre-2000 level.  A...

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23 Jul

General Overview

In the decade between 1980 and 1990 Cyprus experienced high economic growth on the back of the reduction of the political risk, higher tourist arrivals, construction of several infrastructure works and increase in housing needs.  The property market...

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